WLFI sends extrajudicial notification for 'unauthorized' wallet of Trump, says report

According to reports, World Liberty Financial sent a letter after the company behind Donald Trump's memecoin and Magic Eden announced plans to launch an 'official $TRUMP wallet.'

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World Liberty Financial (WLFI), a cryptocurrency platform backed by U.S. President Donald Trump and members of his family, reportedly issued an extrajudicial notification to the company responsible for creating a Bitcoin wallet linked to the president's brand.

According to a Bloomberg report published on June 5, WLFI sent the letter to Fight Fight Fight LLC, the company that owns the Gettrumpmemes.com website and is responsible for issuing the TRUMP memecoin. The notification is said to have been sent after the non-fungible token marketplace Magic Eden and the team behind the memecoin announced a waiting list for a crypto wallet named after Trump.

Donald Trump Jr., the eldest son of the president and 'Web3 ambassador' for WLFI, stated on June 3 that the Trump Organization 'has no involvement' with the crypto wallet project, and announced that the group plans to launch its own version soon. The report cited a source familiar with the matter, who requested anonymity as the letter had not been publicly disclosed by the time of publication.

Several U.S. lawmakers and industry leaders have questioned the president's crypto ventures, including his involvement in World Liberty Financial and the USD1 stablecoin, as well as the issuance of a personal memecoin that offered the top 220 holders a dinner at Trump's golf club.#BinanceAlphaAlert

The June 3 posts on X made by Magic Eden and Gettrumpmemes announcing the wallet were still visible at the time of publication. However, the TrumpWallet.com site, which previously allowed sign-ups for the waiting list, appeared to be down after the disclosure of the extrajudicial notification.#SaylorBTCPurchase

In March, WLFI had already raised about $550 million through two public token sales. The platform underwent further investigation following the launch of its stablecoin USD1, which, in May, according to a company based in Abu Dhabi, was to be used to settle a $2 billion investment in Binance. The Trump family holds equity in WLFI and indirectly profits from transaction fees through a company linked to the U.S. president.#BTC走势分析 $BTC