Trump Family Issues Cease-and-Desist Over Unauthorized Crypto Wallet Project

The Trump family has taken legal action against two entities behind a disputed Trump-branded cryptocurrency wallet. According to Bloomberg, cease-and-desist letters were sent to NFT marketplace Magic Eden and GetTrumpMemes.com, the website associated with the $TRUMP memecoin. The project, announced earlier this week, has been publicly disavowed by Donald Trump's sons—Don Jr., Eric, and Barron—who emphasized that neither the family nor the Trump Organization authorized the venture.

Eric Trump explicitly warned against the unauthorized use of the Trump name in a social media post, stating the project was unknown to their organization. World Liberty Financial, a Trump-linked crypto venture developing its own wallet, is reportedly behind the legal challenge. The $TRUMP Wallet controversy highlights the risks of celebrity-branded crypto projects and the potential for legal clashes over intellectual property.