World Liberty Financial reportedly sent a letter after the company behind Donald Trump’s memecoin and Magic Eden announced plans to launch an “official $TRUMP wallet.”
World Liberty Financial (WLFI), the cryptocurrency platform backed by US President Donald Trump and members of his family, has reportedly issued a cease-and-desist letter to the company responsible for creating a Bitcoin wallet tied to the president’s brand.
According to a June 5 Bloomberg report, WLFI sent the letter to Fight Fight Fight LLC, the company that owns Gettrumpmemes.com and is behind issuing the TRUMP memecoin. The cease-and-desist notice was issued after the non-fungible token marketplace Magic Eden and the team behind the memecoin revealed a waitlist for a crypto wallet featuring Trump’s name.
Donald Trump Jr., the president’s eldest son and a “Web3 ambassador” for WLFI, said on June 3 that the Trump Organization had “zero involvement” with the crypto wallet project, announcing that the group was planning its own launch in the near future. The report cited a person familiar with the matter who asked for anonymity because the letter had not been made publicly available at the time of publication.
