In brief
- A website for a Trump-branded crypto wallet went dark Thursday after the project received a cease and desist letter.
- The wallet was launched by Trump’s meme coin project, which is run by the president’s business partners, but not his family.
- The president’s sons, who sent the cease and desist, are planning to soon launch their own Trump-branded crypto wallet.
The website for a crypto wallet linked to President Donald Trump’s meme coin went dark for many internet users Thursday, hours after the project received a cease and desist letter from another Trump-linked crypto project threatening legal action.
Earlier this week, Trump’s meme coin project launched a crypto wallet in partnership with major NFT marketplace Magic Eden, offering a chance at financial rewards in the form of TRUMP tokens to users who signed up for the product’s waitlist. The wallet would allow users to trade all manner of cryptocurrencies across numerous blockchains.
The president’s sons, however, were apparently unaware of these plans, and have been working on their own Trump-branded crypto wallet for months via World Liberty Financial, their Ethereum decentralized finance platform. Trump’s meme coin is not run by his sons; it’s helmed by the president’s longtime business partner, Bill Zanker.
Within minutes of the Trump meme coin-linked crypto wallet’s debut, Trump’s sons took to X to forcefully assert that they did not approve of the project’s branding. On Thursday, according to a report in Bloomberg, World Liberty sent a cease and desist letter to both Fight, Fight, Fight, an LLC behind Trump’s meme coin operated by Zanker, and to Magic Eden.
World Liberty, Zanker, and Magic Eden did not immediately respond to Decrypt’s request for comment.
In the hours following the report, internet users reported that the Trump Wallet website had gone dark. Decrypt could not access the site from multiple IP addresses as of 5:45 pm ET. The project’s X account, however—which some users reported having been deactivated at certain points on Thursday—was still active at that time.
It remains unclear whether the president himself has yet gotten involved in the skirmish between his crypto business partners, who are all vying to profit off his likeness—and in the process enrich him, too. Though Trump’s Truth Social and X accounts have promoted products related to his meme coin over the last several months, they have so far refrained from posting about the Trump Wallet after the president’s family members pushed back against the plans.
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