Controversy Swirls as Trump-Linked Crypto Wallet Shuts Down After Regulatory Action

Trump-Linked Crypto Projects in Dispute Over Wallet Branding

A crypto wallet tied to former President Donald Trump's meme coin project went offline Thursday, hours after receiving a cease and desist letter from another Trump-affiliated crypto venture threatening legal action.

Wallet Launch Sparks Conflict

Earlier this week, Trump's meme coin project partnered with NFT marketplace Magic Eden to launch a multi-chain crypto wallet. The product promised users TRUMP token rewards for joining its waitlist.

However, Trump's sons - who have been developing their own Trump-branded wallet through their Ethereum DeFi platform World Liberty Financial - publicly denied involvement with the new wallet. The meme coin project is operated by Trump's longtime business associate Bill Zanker, not the Trump family.

Legal Action and Website Shutdown

After the wallet launch, Trump's sons took to social media to distance themselves from the project. World Liberty Financial subsequently issued cease and desist notices to both Fight, Fight, Fight (the LLC behind Trump's meme coin) and Magic Eden.

Following these developments, the Trump Wallet website became inaccessible Thursday evening, though the project's social media accounts remained active. Some users reported temporary account deactivations earlier in the day.

Unclear Presidential Involvement

The dispute highlights competing efforts to commercialize Trump's brand in the crypto space. While Trump's social media accounts have promoted meme coin-related products recently, neither he nor his official channels have commented on the wallet controversy following his family's objections.

It remains unknown whether Trump will intervene in the conflict between his various business partners, all seeking to profit from his name and potentially benefit the former president financially.