Billionaire entrepreneur Mark Cuban has a theory about the Trump family’s latest venture — the $499 “T1” Trump Phone. And according to Cuban, it has little to do with phone calls. After Donald Trump Jr. and Eric Trump unveiled the Phone earlier this week, Cuban took to X with an observation: The phone could be a Trojan horse for crypto profits.
“I think the smart game they are probably playing is to put a crypto wallet on the phone that leverages WLF, $Trump, and their stable coins,” Cuban posted in response to the product launch. WLF is a reference to crypto firm World Liberty Financial that’s connected with the Trumps. “Whatever transactions they can create generates fees for them, and there are so many way to sell things and pre-load whatever they want,” Cuban added.
What’s Behind the Phone
The T1 phone, which the Trump family claims is designed and built in the U.S., is set to launch in August.
But, CNN reports, that experts noted that the phone has marked similarities between an already available, Chinese-made phone.
Speaking to CNN, Todd Weaver, CEO of Purism, one of the only known companies to actually manufacture a cellphone in the United States, “Unless the Trump family secretly built out a secure, onshore or nearshore (fabrication) operation over years of work without anyone noticing, it’s simply not possible to deliver what they’re promising.”
While the device has been pitched as a patriotic alternative to mainstream mobile providers, Cuban suggests the real action could happen behind the screen — via integrated wallets and blockchain transactions.
This wouldn’t be the Trump family’s first move into crypto. President Trump’s $TRUMP meme coin once peaked at a $70 billion valuation, and a private dinner for top holders required an average $1.8 million investment to attend, Business Insider reported. According to Chainalysis, affiliated entities have already generated over $350 million in trading fees.
Trump Media & Technology Group also filed plans for a bitcoin and ether ETF — further signaling an aggressive move into Web3. If the T1 phone ships with a built-in wallet for Trump-linked assets, it could help funnel more users into this digital ecosystem.
Notably, there is no public mention of crypto functionality on Trump Mobile’s website. Trump Jr. and Eric Trump emphasized American manufacturing, telemedicine, and roadside assistance features at the press conference.
For Cuban, the bigger question is what the phone might do rather than where it comes from. If Cuban’s is right, the T1 could become the heart of a money-making machine — generating profits for the Trumps with every tap, swipe, or token.
Trumps new phone T1 is just anouther Ttump scamanything THE TRUMP ONE THING FOR SURE THEY WILL RIP YOU OFF AND THEY WILL BE THE ONLY ONES TO PROFIT