A new legal crisis erupted between the family of former U.S. President Donald Trump and the developers of a newly launched cryptocurrency project, following the launch of what is known as the 'Trump Wallet' without any official authorization, prompting the family to act quickly 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, which is 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 sons of former President Trump, Eric Trump and Donald Trump Jr., in which they denied their connection to the project and confirmed that the use of the family name was unauthorized, stressing that:
The 'Trump Organization has no connection to this wallet in any way.'
Following the issuance of the statement, the official website for the wallet TrumpWallet.com, which had allowed for pre-registration, was shut down, while active promotional campaigns are still ongoing through the project's accounts and platform.