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crypto.news 2025-06-06 08:19:00

Trump wallet saga escalates as family pursues legal action

The ongoing controversy involving the Trump family and a recently launched crypto wallet is heating up, with legal action now underway. World Liberty Financial (WLFI) , the DeFi venture backed by Donald Trump and his family, has issued a cease-and-desist letter to creators of the controversial wallet tied to the president’s crypto brand, according to a June 5 Bloomberg report. The letter was addressed to Fight Fight Fight LLC, the firm behind Trump-themed memecoin issuer ‘GetTrumpMemes.’ Earlier this week, the company announced the wallet launch in partnership with crypto service provider Magic Eden. With Billions of Trump fans around the world, the $TRUMP mission has always been to make it super easy for Trump supporters to get into crypto and join the $TRUMP community. The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community!… pic.twitter.com/7nIubWIdqw — TrumpMeme (@GetTrumpMemes) June 3, 2025 WLFI’s legal move follows a series of public denunciations by the president’s sons. On June 3, both Eric Trump and Donald Trump Jr. took to X (formerly Twitter), asserting that the wallet was not endorsed by the family and calling out the project’s use of the Trump name without consent. “This project is not authorized by @Trump. The Trump Organization has zero involvement with this wallet product,” the brothers wrote. Following the cease-and-desist, the wallet’s official website, TrumpWallet.com, which had been accepting sign-ups for a waitlist, has gone offline. However, promotional content from both GetTrumpMemes and Magic Eden remains live on their respective social media accounts. You might also like: Trump coin: Is another Trump-linked memecoin coming? Interestingly, Gettrumpmemes had maintained a cordial relationship with the Trump family and was even present at the recent exclusive dinner hosted by the president for his token’s top holders. The official memecoin website also suggests the firm is an affiliate of the Trump Organization, sharing ownership of 80% of the Trump cards supply. The ongoing dispute adds another layer of uncertainty to the Trump family’s involvement in crypto ventures, which has already come under the scrutiny of lawmakers and the broader public. While Donald Trump’s “crypto president” image has earned him popularity in the industry, questions persist about whether many of the initiatives tied to his name are genuine value-driven projects or just profit-driven schemes. Read more: Trump-related crypto wallet cashed out $2.4m worth of ETH

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.