Trump Meme Coin Wallet Shuts Down After Sons Slam It with Legal Threats

Following the latest news reports, a Trump crypto wallet tied to the president’s meme coin venture went dark on Thursday, just hours after receiving a cease and desist order from Trump’s sons. The wallet’s website, which launched with NFT platform Magic Eden, became inaccessible to many users by Thursday evening.

News sources confirmed that multiple attempts to reach the site from different IP addresses failed. The sudden blackout came after the legal threat from World Liberty Financial, the decentralized finance firm run by Donald Trump Jr. and Eric Trump.

Unauthorized Launch Sparks Legal Trouble

The wallet in question was launched this week by Fight, Fight, Fight LLC, a company led by President Trump’s business partner, Bill Zanker. The project was reportedly part of the Trump meme coin initiative.

Zanker’s team announced the Trump crypto wallet with Magic Eden, touting it as a multi-chain wallet that rewards users with TRUMP tokens for joining its waitlist. The launch promised seamless trading across multiple blockchains and financial incentives tied to the meme coin.

However, the move quickly backfired. Trump’s sons were blindsided by the launch and issued a cease and desist letter through World Liberty Financial to Zanker’s company and Magic Eden to stop all Trump-related activities. Bloomberg first reported the legal action.

Competing Trump Wallet Plans Cause Confusion

Trump’s sons have been working on their own Trump-branded crypto wallet for months through World Liberty Financial, an Ethereum-based decentralized platform. According to sources close to the matter, their version will offer utility-driven DeFi services, potentially with regulatory consultation and oversight.

The cease and desist letter cited unauthorized use of the Trump brand and public confusion as grounds for legal action. Neither World Liberty, Zanker, nor Magic Eden responded to requests for comment by news sources, but insiders close to the Trump family said the cease and desist was necessary to protect intellectual property and consumer trust.

Trump’s Digital Brand in a Tug-of-War

This situation reveals the growing tension between Trump’s business partners and his immediate family, trying to cash in on the president’s massive personal brand in crypto. While Trump has been pro-crypto, the lack of coordination among the ventures bearing his name is now eroding legitimacy and investor trust.

Crypto analysts have aired that this kind of internal conflict over branding rights is exactly what undermines the credibility of politically linked crypto projects. The Trump crypto wallet is a case study of what happens when personal branding meets decentralized finance, messily.

Community Left in the Dark

Users who signed up for the Trump crypto wallet waitlist were left in the dark with no information on refunds or token allocation. The project’s X account was still online as of the time of this report but some users reported temporary deactivations earlier.

The website takedown also raises questions about how Trump-linked projects are being rolled out. While meme coins have always been associated with chaos and volatility, using a powerful name like Trump’s adds a layer of public accountability that’s missing.

Some experts also said that people don’t care if it’s a meme coin or a wallet project, as long as there’s transparency. But when legal threats pop up and sites disappear overnight, confidence goes to zero.

Conclusion: What’s Next?

The future of both Trump crypto wallets is unclear. Zanker’s team may try to relaunch their version under a new brand, but the legal push from World Liberty has stopped the project for now, at least.

Trump’s sons are expected to reveal more about their version soon. Sources close to the project say it will launch by late summer. The bigger picture is the internal fight for control of Trump’s digital identity.

FAQs

What is the Trump crypto wallet?

A multi-chain wallet tied to the Trump meme coin project, offering TRUMP token rewards and cross-chain trading. It went down after a cease and desist from Trump’s sons.

Who is behind the Trump meme coin project?

The meme coin project is led by Bill Zanker, a business associate of Donald Trump. Not affiliated with his family.

Why did the Trump crypto wallet go down?

It was taken down after Trump’s sons sent a cease and desist letter, saying unauthorized use of the Trump brand and promoting confusion with their own wallet product.

Is President Trump involved in either wallet?

No public statement from Donald Trump on either wallet.

Will there be another Trump wallet?

Yes. Trump’s sons are planning to launch a separate crypto wallet through their DeFi platform, World Liberty Financial, later this year.

Glossary

Cease and Desist Letter: Legal document to stop an alleged illegal activity and not to restart it.

DeFi (Decentralized Finance): Financial services on blockchain without intermediaries.

Multi-chain Wallet: Crypto wallet that can handle assets on different blockchain networks.

Magic Eden: Major NFT marketplace that partnered with the disputed Trump crypto wallet.

Sources

Decrypt

Bloomberg