In what was perceived as a surprising addition to a growing empire, US President Donald Trump was reported to launch his very own crypto wallet and trading app. Unfortunately, Donald Trump Jr. denied this report and confirmed the information to be false speculation.
Since his return to the White House, the asset class has been a clear focus of the administration. That has continued outside of the Oval Office, as the Trump family has increased their presence within the industry that many expect to reach new heights throughout 2025. However, it was not the case with this report.
The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it. Stay tuned—World Liberty Financial @worldlibertyfi, which we have been working tirelessly on, will be launching our official wallet soon. https://t.co/h1wO7dy6AX
— Donald Trump Jr. (@DonaldJTrumpJr) June 3, 2025
Also Read: Trump Media Announces $2.5B Deal to Create a Bitcoin Treasury
TRUMP Crypto Plans
With the 2024 election win, Donald Trump became the first true pro-crypto president in the United States’ history. He has sought to embrace the asset class like never before, with Eric Trump projecting Bitcoin to reach all-time high levels of $170,000 in the near future.
Both inside and outside of the White House, the Trump name has firmly embraced a place in the digital asset industry. Researcher Molly White had originally reported that President Trump had planned a crypto & trading app, to encourage supporters to buy in on the TRUMP token.
Also Read: Eric Trump Says Banks Against Crypto Will ‘Be Extinct in 10 Years’
However, President Trump’s son denied this report:
“The Trump Organization has zero involvement with this wallet product.
Eric Trump and I know nothing about it.”
One should not fret however; the Trump family has reportedly seen its net worth increase by $2.9 billion due to its crypto investment, CBS reports. Moreover, data shows that investments in the asset class represent 40% of the US president’s net worth. With Trump Media and World Liberty Financial increasing exposure to the asset class, that connection doesn’t look to slow down any time soon.
This article was updated to reflect Donald Trump Jr.’s comments.