Eric Trump Backs TRUMP Memecoin: Trump Family’s Crypto Empire Power

Eric Trump Officially Backs TRUMP Memecoin: How the Trump Family’s Crypto Empire is Fueling Power, Profit, and Presidential Influence

Eric Trump Confirms Trump Family’s Full Support for TRUMP Memecoin: The Rise of a Presidential Crypto Empire

In a surprising yet strategic move, Eric Trump has officially confirmed the Trump family’s full endorsement of the Official TRUMP memecoin, signaling a clear pivot in the family’s crypto strategy. This announcement, shared via a recent tweet, formally aligned the controversial token with WLFi—the Trump family’s broader cryptocurrency venture—ending weeks of denial and distancing from the digital asset.

This shift represents more than just an endorsement; it marks a significant moment where the Trump family’s crypto ambitions are laid bare, revealing a sophisticated effort to leverage blockchain technology for power and profit, intertwined with Donald Trump’s political stature.

The Turning Point: From Denial to Full Embrace

Just days before Eric Trump’s announcement, Trump family members publicly distanced themselves from the TRUMP token, dismissing it as an unauthorized offshoot with no official backing. Now, with Eric openly throwing his weight behind the token and its integration with WLFi, any pretense of detachment has evaporated.

This turnaround reveals a deeper, more coordinated family strategy. The TRUMP memecoin is not a mere side project or speculative joke—it is an integral part of the Trump brand’s expanding foothold in the booming crypto industry.

Power, Profit, and Presidential Influence: The Trump Crypto Playbook

Donald Trump has long been known for monetizing his name, from licensing it on skyscrapers to selling everything from steaks to bottled water. Yet, his latest venture into cryptocurrency could be the most lucrative—and potentially consequential—business move yet.

Launched just before his January inauguration, the TRUMP token leveraged the fervor surrounding the presidency and speculation within the crypto market. Its price briefly soared to an astonishing $75 per token, only to crash soon after. Despite the volatility, the Trump family benefited through transaction fees, earning money with each trade—regardless of the token’s market price.

In the crypto world, however, it’s not just about money—it’s about influence. The decentralized and often opaque nature of blockchain transactions allows for foreign investors and anonymous actors to engage, opening unique avenues for monetization and, controversially, access.

The Real Threat: Access Over Volatility

What makes the TRUMP memecoin especially concerning is its potential as a gateway for foreign entities to buy proximity to the President. After the token’s value plummeted, organizers launched an incentive program inviting the top 220 token holders to a gala dinner at Trump National Golf Club in Virginia. The top 25 holders received VIP access, including a private White House tour and opportunities to meet the President in person.

Crucially, this was presented as a business event—not a campaign fundraiser. The price of admission? Holding significant amounts of TRUMP tokens.

Foreign Buyers Dominate Token Ownership

While no attendee list was officially released, investigative reports reveal that nearly half of the top 220 token holders used cryptocurrency exchanges that prohibit U.S. users, strongly indicating that many participants were foreign. Of the 25 VIP holders, nineteen fall into this category.

One high-profile participant was Justin Sun, a Chinese crypto billionaire who has faced SEC fraud charges under the Biden administration. Sun spent over $20 million acquiring TRUMP tokens, becoming the largest individual buyer and securing prime access at the exclusive gala.

Interestingly, shortly after Trump’s second term began, the SEC moved to pause its lawsuit against Sun, highlighting the complex and sometimes opaque relationship between regulatory bodies, influential crypto figures, and the Trump administration.

A System Reshaped to Benefit Trump’s Crypto Interests

Donald Trump once dismissed cryptocurrency as “based on thin air.” Now, it is central to his post-presidency business model and political leverage.

Since taking office for the second time, the Trump administration has taken steps that benefit the crypto industry, including moves to weaken regulatory oversight. In April, the Justice Department was ordered to dismantle its crypto fraud unit—a sharp contrast to global regulatory trends aimed at tightening control over digital assets.

In May, Trump publicly praised cryptocurrency, telling attendees at a dinner with top token holders, “There is a lot of sense in crypto.” This came just a year after the high-profile conviction of crypto mogul Sam Bankman-Fried, who was sentenced to 25 years for fraud tied to the collapse of FTX.

Trump’s approach effectively flips the narrative, undermining regulatory bodies while positioning America to become the “crypto capital of the planet,” according to his stated vision.

A Broader Pattern of Monetization and Conflict of Interest

The Trump family’s approach to ethics and conflicts of interest has long been controversial. During Donald Trump’s first term, he refused to fully divest from his businesses, defying norms observed by previous presidents. The Trump Organization continued to collect licensing fees on its brand without active capital investment, managed primarily by his sons.

This pattern has only intensified and gone digital in the current term. Since January, the TRUMP memecoin and related crypto projects have generated over $350 million in trading fees and revenue—funds that are neither donations nor campaign contributions but private profits largely insulated from regulatory scrutiny.

This melding of the presidency with private financial interests—especially in largely unregulated cryptocurrency markets—raises serious questions about access, influence, and the erosion of ethical boundaries.

WLFi: The Trump Family’s Crypto Anchor

The Trump Organization has always prioritized branding over actual product development, and its crypto ventures follow this tradition. Central to this is WLFi, a crypto platform launched in September that has become the family’s flagship blockchain initiative.

Justin Sun, who bought $75 million in WLFi tokens after Trump’s election, joined the project as an adviser, deepening his ties with the Trump crypto empire.

On May 1st, Eric Trump and business partner Zach Witkoff announced a massive $2 billion investment using a WLFi-issued stablecoin, backed by the Abu Dhabi government. The potential profits from this deal could be enormous, signaling the growing international scope of the Trump crypto ventures.

Last week, Eric Trump and his siblings attempted to distance themselves from the TRUMP memecoin—only to officially re-align with it days later, recognizing the massive financial stakes involved.

Why the Trump Family Is “All-In” on Crypto

This dramatic reversal is less a change of heart and more a calculated business decision. The family’s continued involvement highlights the enormous profit potential, the strategic value of digital assets for political influence, and the blurred lines between personal gain and public office.

For the Trump family, cryptocurrency is more than a financial product; it’s a tool to maintain power, cultivate alliances, and shape the future of political fundraising and access.

What This Means for America and Beyond

The Trump family’s crypto activities spotlight the challenges regulators face in an era where digital assets cross borders and blur the lines between business, politics, and influence.

As the Trump family deepens its crypto investments, questions mount about transparency, security, and the potential for foreign interference in U.S. political processes.

The TRUMP memecoin saga is a cautionary tale about the intersection of politics and emerging technology—a story still unfolding with profound implications for democracy, financial regulation, and global geopolitics.

In summary, Eric Trump’s confirmation of the family’s commitment to the TRUMP memecoin signals a new chapter in the Trump legacy—one where cryptocurrency serves as both a profit engine and a political tool. As the boundaries between the White House and private enterprise continue to blur, the world watches closely to see how this unprecedented experiment in presidential crypto will unfold.

Georgi Minev publication: "Eric Trump Backs TRUMP Memecoin: Trump Family’s Crypto Empire Power" was written for 24crypto.news

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