President Donald Trump’s team has announced a new digital wallet, adding to his growing portfolio of cryptocurrency projects. This wallet aims to offer users a secure app to store and trade cryptocurrencies and NFTs.
The Trump Wallet: What You Need to Know
The team behind the popular $TRUMP memecoin revealed a waitlist and a dedicated X account for their upcoming crypto wallet. This app will allow users to store, manage, and exchange cryptocurrencies and NFTs.
The wallet is developed in partnership with Magic Eden, a leading NFT marketplace, and will be powered by Slingshot Finance, a company recently acquired by Magic Eden. Jack Lu, CEO of Magic Eden, confirmed the collaboration and said users will be able to trade major cryptocurrencies like Bitcoin and Ethereum, with more features planned.
Notably, Eric and Don Jr. Trump, who lead other Trump crypto projects, stated they were unaware of this wallet launch.
The Growing Trump Crypto Portfolio
| Project | Description | Launch Date |
|---|---|---|
| Trump NFT Collections | Digital collectibles featuring the president | 2023-2024 |
| $TRUMP Memecoin | Cryptocurrency branded with Trump’s name | January 2025 |
| World Liberty Financial | DeFi platform led by Trump’s sons | May 2025 |
| USD1 Stablecoin | Dollar-pegged cryptocurrency | March 2025 |
| American Bitcoin | Bitcoin mining operation backed by Trump’s sons | March 2025 |
| Trump Media Bitcoin Treasury | Corporate Bitcoin holdings | May 2025 |
| Upcoming Crypto Game | Blockchain-based video game | Announced April 2025 |
Ethical Questions and Industry Impact
Trump’s expanding crypto ventures have sparked ethical debates. Critics like Robert Weissman from Public Citizen call these projects “one of the most corrupt innovations in American political history,” citing conflicts of interest.
Protests recently took place at a dinner for top memecoin holders at a Trump golf club, accusing the event of being a pay-for-access scheme.
The Trump administration has also pushed for lighter crypto regulations, including directing the SEC to ease oversight, authorizing a strategic Bitcoin reserve, and encouraging crypto-friendly legislation.
What This Means for the Crypto Market
The involvement of a former president in crypto marks a milestone for the industry’s mainstream acceptance. While ethical concerns persist, the Trump wallet adds another option for users in the competitive digital asset space. Its unique features and market impact will become clearer as it launches.
