The family of U.S. President Donald Trump has allegedly sent a cease-and-desist letter to two entities behind a forthcoming — and already heavily disputed — Trump-branded crypto wallet, according to a Thursday report from Bloomberg.
Since the announcement of the so-called $TRUMP Wallet (named for the President’s eponymous memecoin) earlier this week, Trump’s three sons — Don Jr., Eric, and Barron — have all publicly repudiated the project, saying that neither the Trump family nor its firm, the Trump Organization, is connected to or otherwise authorized the $TRUMP Wallet.
“This project is not authorized by @Trump,” Eric Trump wrote in an X post. “I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.”
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While Trump’s sons were distancing themselves from the allegedly unauthorized crypto wallet on social media, lawyers for World Liberty Financial — one of the Trump family-linked crypto ventures, which is currently at work on its own crypto wallet — were, according to Bloomberg, drafting cease-and-desist letters to the two firms responsible for the project: non-fungible token (NFT) marketplace Magic Eden and GetTrumpMemes.com, the website behind the $TRUMP memecoin. Bill Zanker, a long-time Trump associate, owns GetTrumpMemes.com through his Florida-based LLC, Fight Fight Fight.
According to data from blockchain analytics firm Chainalysis, the creators of the $TRUMP memecoin netted $320 million in fees, while the majority of retail traders lost money.
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Though the Trump family has worked with Zanker and his companies on crypto ventures before — including four of Trump’s NFT launches before his re-election and the recent, controversial dinner for top holders of the $TRUMP memecoin — the decades-old relationship appears to have soured.
CoinDesk reached out to Magic Eden, the Trump Organization, and World Liberty Financial for comment.
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