Trump's Digital Future: A New Frontier in Crypto and Tech

The Trump Organization is taking a big step into the digital world. They have filed a broad trademark application. This move hints at plans for a range of products. These include a Trump-branded crypto wallet and even virtual cologne. This application covers many tech and crypto-related items. It was filed by DTTM Operations, a company owned by President Donald Trump. The application lists dozens of potential products. These range from software for managing cryptocurrency to virtual reality games. It also includes plans for a virtual store selling digital goods. This store would offer items like virtual cologne, candy, and spirits. The application also mentions education and entertainment services. These include virtual civics training and virtual museum services. The trademark would cover software platforms for VR worlds. In these worlds, users can exchange digital goods and cryptocurrencies. These exchanges would be authorized by the 45th and 47th President of the United States. The application was filed on February 24. It is currently being reviewed by the U. S. Patent and Trademark Office. The Trump Organization has not commented on these plans. Neither have two of Trump's crypto ventures. These are Trump Media & Technology Group and the $TRUMP meme coin. A spokesperson for Trump's decentralized financial platform, World Liberty Financial, declined to comment. The Trump Organization's plans for a crypto wallet have already caused some controversy. An independent journalist reported that TrumpWallet. com was inviting users to sign up for a waitlist. The site used branding from Trump's official meme coin. It claimed to be powered by Magic Eden, a well-known NFT marketplace. Donald Trump Jr. and Eric Trump denied any connection to this project. They said it was not affiliated with the Trump Organization. However, World Liberty Financial plans to release its own wallet. Trump Media, which owns Truth Social, is also exploring a digital wallet. These ventures are not named in the February 24 trademark application. The U. S. Patent and Trademark Office typically takes about a year to register a trademark. However, a product launch could happen much sooner. Trademark approval is not required to bring an item to market. Keep an eye on app stores and Trump-affiliated social media for updates. A crypto wallet is a digital tool that stores digital assets. These assets include cryptocurrencies, meme coins, and NFTs. There are three main types of crypto wallets. Custodial wallets are managed by third parties. Hot wallets are internet-connected apps that let users control their assets directly. Cold wallets are offline devices designed for maximum security. Crypto wallets can generate revenue in several ways. These include transaction fees, subscriptions, ads, and lending deposits to institutional borrowers. A $TRUMP-branded wallet could boost Trump's personal holdings. It could drive more interest and trading activity in the $TRUMP meme coin. Since leaving office in 2021, Trump has expanded his empire into the digital realm. Products in this realm are often intangible, but the revenue streams are real. Truth Social and crypto have helped Trump double his net worth in a year. His crypto holdings alone are worth about $1 billion. Trump maintains control over his businesses through a revocable trust. He is both the sole donor and sole beneficiary. The Trump Organization confirmed in an April filing in Britain that Trump retains control over his businesses. Trump has been critical of Bitcoin and other cryptocurrencies in the past. He tweeted in 2019 that he is not a fan of them. He also said that unregulated crypto assets can facilitate unlawful behavior. Despite this, the Trump family has pushed aggressively into digital finance. They have ventures in bitcoin mining, bitcoin-backed ETFs, and NFTs.