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The Trump family's attorneys sent a letter regarding the termination and waiver of their brand's use in the meme-coin project, which reportedly includes a wallet under the Trump brand.

The incident highlights issues of unauthorized trademark usage in cryptocurrency projects, which can lead to significant market and legal consequences.

The Trump Family Distances Itself from the $TRUMP Wallet Project

The Trump family, including Donald Trump Jr., Eric, and Barron Trump, is distancing itself from the "Official $TRUMP Wallet" project. In a statement, Donald Trump Jr. emphasized the family's lack of involvement, highlighting the importance of business distancing. Magic Eden was a partner but received a warning from Eric Trump to stop using the Trump name without proper permission. Actions to cease and desist were immediately initiated to stop unauthorized branding.

Mixed Reactions to the Trump Family's Legal Actions

Mixed reactions have emerged in the crypto community; skepticism surrounds unauthorized branding, while some users view the potential rewards. The market impact includes a careful examination of similar branded projects. Loud