Eric Trump denies any plans for launching cryptocurrency, calls claims fraudulent

Eric Trump took to X on August 22 to squash rumors that the Trump family was about to launch a new cryptocurrency, calling the claims “absolutely not true” and labeling them outright fraud. The statement was a direct response to a post from the account @WhaleScan, which had asserted that Donald Trump was preparing to release a new coin. Eric Trump’s rebuttal was blunt: no one in the family is launching any coin, and anyone suggesting otherwise is running a scam. What sparked the denial The rumor appears to have gained traction on X, where @WhaleScan posted claims about an upcoming Trump-affiliated token. The post apparently referenced previous Trump-related meme coins like $TRUMP and $MELANIA as context, implying the family was gearing up for another digital asset launch. No specific company, token name, or regulatory filing was attached to the claim. The Trump family’s actual crypto footprint Eric Trump has been publicly affiliated with World Liberty Financial, a decentralized finance initiative that launched in 2024. The family has also been linked to American Bitcoin, a separate venture. Neither of these projects was implicated in the recent rumor. Then there are the meme coins....