A new legal crisis has erupted between the family of former U.S. President Donald Trump and developers of a recent cryptocurrency project, following the launch of what is known as the 'Trump Wallet' without any official authorization, prompting the family to take swift action to protect their name from unauthorized use.
According to a report published by Bloomberg on June 5, World Liberty Financial (WLFI) – a decentralized financial initiative backed by the Trump family – sent a 'cease and desist' letter to Fight Fight Fight LLC, the company responsible for developing the wallet in collaboration with the Magic Eden platform, as part of the satirical digital currency project 'GetTrumpMemes'.
The legal action came after direct tweets from the former president's sons, Eric Trump and Donald Trump Jr., in which they denied any connection to the project and confirmed that the family name was used without permission, emphasizing that:
'Trump Organization has no relation to this wallet in any way.'
Following the issuance of the letter, the official site for the TrumpWallet.com wallet, which had allowed pre-registration, was shut down, while active promotional campaigns continue through the project's accounts and the Magic Eden platform.
