World Liberty Financial (WLFI), the Cryptocurrency platform supported by US President Donald Trump and his family members, has reportedly released a stop-and-desired letter to the company responsible for creating a Bitcoin purse tied to the President’s brand.
According to the June 5 Bloomberg report, WLFI sent The letter to fight Fight LLC, the company that owns GetttrumpMemes.com and is behind Trump’s Memecoin release. Cease-and-desist notice was issued after the unimaginable token marketplace Magic Eden and the team behind Memecoin revealed a waiting list for a crypto purse featuring Trump’s name.
Donald Trump Jr., the President’s eldest son and a “web3 ambassador” for WLFI, said on June 3 That Trump’s organization has a “zero involvement” with the crypto wallet project, announcing that the group is planning its own launch in the near future. The report noted that a person who was familiar with the matter who requested anonymously because the letter was not made publicly available at the time of publication.
Many US lawmakers and industry leaders have Asked in the adventures of the President’s crypto.
Some Democrats in the House of Representative and the Senate accused Trump of his position to earn from the crypto industry-claims that have the potential to slow down or stop the development of bills related to digital assets in Congress.
Related: Crypto’s crypto is tied to Cloud Digital Assets Law in Congress
Both June 3 Posts In X from Magic Eden and GetTrumpmemes announced the purse is still visible at the time of publication. However, the Trumpwallet.com website, which is already available for sign-ups for a waiting list, appeared to be offline following the CEASE-and-desist letter report.
https://www.youtube.com/watch?v=vkc5qcrvdc0
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
This is a story development, and further information will be added as it is available.
