Trump Organization Distances Itself From Controversial ‘TRUMP Wallet’ Amidst Crypto Chaos

Recent developments have raised questions about the intersection of politics and cryptocurrency. The Trump Organization has distanced itself from a new digital wallet project, named the “$TRUMP Wallet,” despite promotional efforts claiming its connection to the President’s broader crypto ecosystem. Meanwhile, National Economic Council Director Kevin Hassett, involved in shaping crypto regulation, disclosed holdings in Coinbase worth up to $5 million, sparking concerns over potential conflicts of interest within the administration’s digital asset policymaking. The situation highlights a growing tangle of political involvement and cryptocurrency ventures.