WLFI Sends Cease-And-Desist Letter Over Trump Wallet
World Liberty Financial (WLFI) issued a cease-and-desist letter to Fight Fight Fight LLC, which created a Bitcoin wallet associated with Donald Trump's brand. The letter followed the announcement of a waitlist for a crypto wallet by Magic Eden and the memecoin team. Donald Trump Jr. stated that the Trump Organization had no involvement with the wallet project and indicated plans for a separate launch. Concerns have been raised by US lawmakers regarding Trump's crypto ventures, including potential conflicts of interest and insider trading implications. Some Democrats have accused Trump of exploiting his position for profit in the crypto sector, which could impact digital asset legislation in Congress. The website TrumpWallet.com, previously available for sign-ups, was offline after the cease-and-desist notice was reported.
