The controversy surrounding the Trump family and a newly launched crypto wallet is intensifying as legal actions commence.
World Liberty Financial (WLFI), the decentralized finance venture associated with Donald Trump and his family, has issued a cease-and-desist letter to the creators of a contentious wallet linked to the president’s crypto brand.
This letter was directed at Fight Fight Fight LLC, the firm responsible for the Trump-themed memecoin ‘GetTrumpMemes.’ Recently, the company announced the launch of the wallet in collaboration with a crypto service provider.
WLFI’s action comes on the heels of public statements from the president’s sons. Both Eric Trump and Donald Trump Jr. recently asserted that the wallet is not endorsed by the family, condemning the project’s unauthorized use of the Trump name.
“This project is not authorized. The Trump Organization has zero involvement with this wallet product,” the brothers declared.
Following the cease-and-desist, the wallet’s official website, which had been accepting sign-ups, has gone offline. However, promotional materials from the memecoin issuer remain active on various platforms.
Interestingly, GetTrumpMemes had previously maintained a positive relationship with the Trump family, even participating in a recent exclusive dinner hosted by the president for prominent token holders. The official memecoin website claims the firm shares ownership of 80% of the Trump card supply.
This ongoing dispute adds a layer of complexity to the Trump family’s engagement in the crypto space, which has faced increasing scrutiny from lawmakers and the public. While Donald Trump’s image as a “crypto president” has garnered him popularity within the industry, concerns continue about the authenticity and value of the ventures associated with his name.
