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Is Magic Eden actually concerned or simply dragged in?

The emergence of the TRUMP Pockets

On June 3, 2025, an internet site selling the “Official $TRUMP Pockets” surfaced, claiming to supply customers the flexibility to commerce cryptocurrencies, together with a Trump-branded memecoin. The positioning prominently featured Magic Eden as a companion, lending an air of legitimacy to the mission. Nevertheless, the Trump household swiftly disavowed any affiliation with the pockets.

Unveiled by Combat Combat Combat, an organization tied to Trump affiliate Invoice Zanker, the Official Trump Pockets claimed to supply crypto options and collectibles underneath the Trump model. The pockets promised integration with main cryptocurrencies, together with Bitcoin (BTC), Solana (SOL), Ether (ETH), Magic Eden’s personal ME (ME) token, alongside “all different tokens.”

Magic Eden, a good NFT market working totally on Solana, was listed as a “companion” on the mission’s web site. The platform boasted Slingshot Finance infrastructure, a know-how acquired by Magic Eden in April 2025, and provided $1 million in Official Trump (TRUMP) rewards to early customers and referrers.

The involvement of Magic Eden lent an air of credibility to the pockets, encouraging some early consumer curiosity in what many believed to be a sanctioned Trump initiative.

Nevertheless, occasions quickly took a dramatic flip.

Trump household denounces the pockets

Inside hours of the announcement, members of the Trump household issued coordinated public statements disavowing the mission. Donald Trump Jr., Eric Trump and Barron Trump all denied any involvement with the pockets, categorically asserting that no approval had been granted for using the Trump identify.

Concurrently, World Liberty Monetary, the Trump household’s official crypto platform, introduced its personal upcoming pockets initiative, additional escalating the narrative from mere disapproval to a aggressive battle.

In response to the perceived infringement, World Liberty Monetary delivered cease-and-desist letters to each Combat Combat Combat and Magic Eden. The authorized motion centered on model misappropriation and the unauthorized commercialization of the Trump identify within the digital asset area.

Do you know? Following the cease-and-desist letter and the instant public backlash, the “Official $TRUMP Pockets” mission was successfully halted. The TrumpWallet.com web site, which had been selling the waitlist, went offline.

The position of Magic Eden: An lively participant or unwilling participant?

As accusations flew, consideration turned towards Magic Eden. Was the corporate a co-creator of the Trump Pockets, or had it merely been name-dropped with out consent?

Magic Eden CEO Jack Lu posted on X that the “Official $TRUMP Pockets” can be accessible by way of TrumpWallet.com, highlighting it as “the primary and solely crypto pockets for true Trump followers” and stating, “DeFi can lastly assist seamless UX and regulatory readability is lastly permitting crypto to thrive within the US. The time to take huge bets & onboard mainstream is now.”

Such public statements counsel direct involvement and endorsement, implying that Magic Eden seen the pockets not as a speculative enterprise however as a formally aligned product inside its broader DeFi technique. The pockets’s technical basis, constructed on Slingshot Finance, together with expansive multi-token assist and a $1-million TRUMP reward pool, bolstered the impression that this was a well-planned and deeply built-in launch.

Regardless of the clear affirmation from Magic Eden’s management, the Trump household’s instant and coordinated disavowals forged doubt on the legitimacy of the branding. The state of affairs raised questions on whether or not Magic Eden had misunderstood the scope of its earlier interactions with the TRUMP token crew, probably assuming that previous NFT collaborations granted broader model rights, or whether or not it had relied on assurances from Combat Combat Combat with out verifying direct authorization from the Trump household or their affiliated crypto entity, World Liberty Monetary.

Regardless, the pockets launch displays a broader trade subject. Within the absence of centralized regulatory frameworks and with model licensing usually dealt with informally in Web3, even main platforms can miscalculate the boundaries of celebrity-affiliated digital belongings.

Combat Combat Combat and Invoice Zanker’s involvement

On the middle of the Trump Pockets controversy is Combat Combat Combat, the entity answerable for growing and selling the TRUMP memecoin.

The agency is led by Invoice Zanker, a longtime affiliate of Donald Trump and co-author of the 2007 enterprise ebook Suppose Massive. Zanker’s previous affiliation with Trump added a layer of perceived credibility to the crypto initiative, significantly for observers exterior the tight interior circle of the Trump Group.

Combat Combat Combat has positioned itself as the first power behind the TRUMP token ecosystem and has led a number of promotional campaigns presenting the token as aligned with Trump’s values and branding. In accordance with public sources, the corporate leveraged its present community and advertising infrastructure to push the “Official $TRUMP Pockets,” which it claimed would function a one-stop monetary gateway for Trump supporters inside the broader crypto market.

Combat Combat Combat and management of the TRUMP token

A crucial piece of the puzzle is Combat Combat Combat’s important management over the TRUMP token. Along with one other entity, CIC Digital, Combat Combat Combat holds a commanding 80% of TRUMP’s whole provide, a determine that grants it substantial affect over the token’s ecosystem and utility. This stage of management raises critical questions on governance, decentralization and the way token ecosystems intersect with model identification and movie star endorsements.

The TRUMP token, a Solana Program Library (SPL) asset launched in early 2025, gained fast traction as a meme-driven cryptocurrency aligned, no less than in public notion, with Donald Trump’s branding. The token’s promotional supplies referred to it as “the official meme coin related to President Donald Trump,” and occasions equivalent to a personal dinner hosted by Trump for prime tokenholders additional cemented the looks of legitimacy. The dinner, which reportedly attracted over $148 million in contributions and included notable crypto figures like Justin Solar, considerably bolstered the token’s public picture.

Nevertheless, the Trump household’s swift authorized response, by means of World Liberty Monetary, underscored that management over a token doesn’t confer blanket rights to make use of the Trump identify throughout unrelated monetary merchandise. This distinction is significant in an area the place model affiliation is commonly casual and the place the road between official partnerships and opportunistic branding stays dangerously skinny.

Do you know? Crypto billionaire Justin Solar, founding father of the Tron blockchain, emerged as the highest holder of the TRUMP memecoin, reportedly investing over $40 million.

Trump household to launch “Official” pockets by means of World Liberty Monetary

In response to the fiasco, the Trump household has introduced plans to develop their very own authenticated digital pockets, managed by means of World Liberty Monetary.

Donald Trump Jr., who serves as World Liberty Monetary’s “Web3 ambassador,” publicly confirmed the event of an authenticated Trump-affiliated pockets.

The US president’s involvement in cryptocurrency has grown notably lately, with a number of NFT collections just like the Trump Digital Buying and selling Playing cards reaching excessive gross sales volumes. The Trump household holds fairness in WLFI and income not directly from transaction charges generated by the platform.

World Liberty Monetary has already demonstrated its important presence within the crypto area, having raised over $550 million by means of token gross sales, and is at present underneath scrutiny for its USD1 stablecoin. The existence of World Liberty Monetary and its plans for an “official” pockets function a transparent warning to exterior events that any use of the Trump identify in crypto-related merchandise have to be explicitly approved.

Ripple chief know-how officer David Schwartz weighed in on the Trump Pockets controversy by way of a now-unavailable X submit, describing the state of affairs as uncommon and highlighting the conflicting positions between Magic Eden, GetTrumpMemes and the Trump household. He noticed that GetTrumpMemes is owned by Combat Combat Combat, the entity behind the TRUMP coin, and co-owned by CIC Digital, an organization reportedly linked to The Trump Group. Schwartz recommended that the controversy was extra seemingly the results of a miscommunication or misunderstanding than deliberate fraud.

Do you know? In response to issues over potential conflicts of curiosity arising from political figures’ involvement in cryptocurrency ventures, US Senator Chris Murphy launched the Fashionable Emoluments and Malfeasance Enforcement (MEME) Act. This proposed laws goals to ban the president, vice chairman, members of Congress, senior govt department officers and their instant members of the family from issuing, sponsoring or endorsing digital belongings, together with cryptocurrencies and memecoins.

Implications for NFT marketplaces and future regulation

The ensuing authorized backlash from the launch of the TRUMP Pockets underscores the potential authorized publicity platforms face when initiatives use high-profile branding with out verified authorization.

The Trump Pockets scandal might catalyze change in how NFT marketplaces vet initiatives and implement brand-related safeguards. The dispute has demonstrated that extra layers of brand name verification could also be mandatory, together with:

  • Stronger vetting protocols earlier than itemizing initiatives
  • Authorized disclaimers clarifying platform duty
  • Model verification mechanisms to stop unauthorized use.

This case has additionally attracted broader consideration as a result of its overlap with political branding and monetary merchandise, areas more and more scrutinized by lawmakers. Whereas no regulatory actions have been introduced straight in response to the Trump Pockets, the occasion provides to a rising listing of high-profile crypto branding disputes that will affect how regulatory frameworks evolve round digital asset endorsements, platform accountability and client safety.

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