https://www.citationneeded.news/issue-85/
"After I broke the news that Magic Eden and the $TRUMP memecoin project would
be announcing an “Official $TRUMP Wallet by President Trump”, things exploded
into chaos — and not just because the President of the United States continues
to demolish his own records for self-dealing.
Magic Eden pushed out their announcement quickly after I published my story,
only for all three of the Trump sons to repudiate the project within hours. “I
run [the Trump Organization] and I know nothing about this project!” tweeted
Eric Trump. Donald Trump Jr. made a similar post, reiterating that the World
Liberty Financial project was working on their own version of a Trump wallet.
Even Barron Trump, who is normally fairly absent from social media, posted that
“our family has zero involvement with this wallet”.
This potential conflict with the World Liberty Financial project, which is more
closely affiliated with the Trump sons, was something I noted in my original
post. I wrote that there seemed to me to be “questions as to whether these
various Trump-affiliated crypto projects, some of which are managed by separate
entities, might wind up competing with one another.” Evidently such questions
never even occurred to the Magic Eden team or the $TRUMP memecoin team while
they were working on this announcement, because they seemed caught completely
off guard.
Confusion quickly spread throughout the crypto world, with many questioning if
Magic Eden’s social media accounts had been hacked to announce a fake project.
A Twitter account associated with the new Trump wallet, which had been verified
with a badge associating it to the Magic Eden company, was briefly suspended,
and announcement tweets were annotated with Twitter Community Notes
highlighting the Trump family’s disavowal. Others wondered if Magic Eden — a
fairly large player in the crypto world, as they go — had been so brazen as to
completely fabricate a partnership with the Trumps or Trump-affiliated
entities.
Neither is the case. The Magic Eden announcements legitimately came from the
company, and the $TRUMP memecoin project confirmed its involvement with the
wallet project. This leaves the most likely explanation, in my opinion, that
Trump has sold his likeness to so many separate projects led by separate
entities, while his sons also actively exploit the “Trump” branding, that no
one really knows what’s going on in aggregate. I have mapped out all of the
people, LLCs, and crypto projects associated with the Trump family, and the
tangled web illustrates the chaos. (I should also note that the diagram is
limited to what’s publicly known, and there are many missing links and entities
whose operators are partially or completely unknown.)"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
