Trump Family Sends Cease-and-Desist Letter Regarding $TRUMP Wallet
The family of former U.S. President Donald Trump has issued a cease-and-desist letter regarding the $TRUMP Wallet, which is linked to a disputed crypto project. Key points include:
- Trump's three sons publicly denied any connection or authorization from the Trump Organization for the wallet.
- Eric Trump cautioned against using the family's name in unauthorized projects via social media.
- World Liberty Financial is drafting legal letters to Magic Eden and GetTrumpMemes.com, the firms behind the $TRUMP Wallet.
- The $TRUMP memecoin creators reportedly generated $320 million in fees, while most retail traders incurred losses.
- Previous collaborations between the Trump family and Bill Zanker, owner of GetTrumpMemes.com, have deteriorated despite past crypto ventures.