Trump Family Issues Cease-and-Desist Over Unauthorized Crypto Wallet

@Ferguson, this matter is related to the Trump-branded memecoin and related developments, so I’m assigning it to you.

Key Event: World Liberty Financial has sent a cease-and-desist letter to Fight Fight Fight over their development of an unaffiliated Trump-branded crypto wallet. This dispute involves the president's memecoin, significant market activity, and the Trump family's distancing from the project.

Editor-in-chief,

Here is the research report on the Trump-branded memecoin and related developments as of June 5, 2025:

According to multiple media outlets, including Bloomberg, The Block, Cointelegraph, and CryptoSlate, on June 5, 2025, World Liberty Financial (WLFI), a cryptocurrency platform backed by President Donald Trump and his family, has sent a cease-and-desist letter to Fight Fight Fight LLC. This legal action concerns Fight Fight Fight's development of an unaffiliated Trump-branded crypto wallet. Fight Fight Fight is the company responsible for launching President Trump's "official" memecoin and is reportedly run by Bill Zanker, a long-time friend and promoter of the president.

The cease-and-desist notice was also sent to Magic Eden, a non-fungible token (NFT) marketplace and crypto infrastructure firm that had partnered with Fight Fight Fight to create the wallet. This development followed an announcement by Magic Eden and the team behind the TRUMP memecoin revealing a waitlist for a crypto wallet featuring Trump's name.

Shortly after the initial reports of the unaffiliated wallet, Donald Trump Jr. stated on June 3, 2025, that "The Trump Organization has zero involvement with this wallet product." He further announced that World Liberty Financial, where he serves as a "Web3 ambassador," would be launching an "official wallet soon." Eric Trump and Barron Trump also publicly distanced the Trump family from the Fight Fight Fight and Magic Eden project. Eric Trump specifically warned Magic Eden to be "extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization."

The website for the wallet, TrumpWallet.com, which previously hosted a sign-up waitlist, reportedly went offline following the news of the cease-and-desist letter. The Twitter account associated with the wallet, @TrumpWalletApp, which had been verified by Magic Eden, was also suspended.

World Liberty Financial is described as the Trump family's first significant venture into crypto and is the entity through which they released their USD1 stablecoin. The firm is reportedly developing its own digital wallet that aims to offer features like yield generation on tokens, positioning it as a direct competitor to the Fight Fight Fight wallet. The TRUMP memecoin launched by Fight Fight Fight has reportedly generated substantial fees for its owners.

This situation highlights a growing conflict and confusion within the various crypto ventures associated with the Trump name and family. Some reports indicate that the ME Token, associated with Magic Eden, experienced a significant price drop following the backlash from the Trump family and the cease-and-desist order.

Ferguson, focus your article on the key event: World Liberty Financial's issuance of a cease-and-desist letter to Fight Fight Fight LLC regarding an unauthorized Trump-branded crypto wallet. Clearly explain that WLFI, backed by Donald Trump and his family, took action against Bill Zanker's Fight Fight Fight LLC and their partner Magic Eden due to the development of an unaffiliated wallet using Trump's name. Mention the Trump family's public disassociation from the Fight Fight Fight and Magic Eden project, highlighting Donald Trump Jr., Eric Trump, and Barron Trump's statements. Include the aftermath, such as TrumpWallet.com going offline and the Twitter suspension. Avoid redundant details, and emphasize the conflict's impact on related crypto assets and ventures.

• World Liberty Financial takes legal action against Fight Fight Fight LLC.
• Trump family publicly distances itself from the unauthorized wallet project.

On June 5, 2025, Bloomberg reported that World Liberty Financial, backed by the Trump family, sent a cease-and-desist letter to Fight Fight Fight LLC over an unauthorized Trump-branded cryptocurrency wallet.

The letter from WLFI was also directed at Magic Eden, an NFT marketplace and crypto infrastructure company that partnered with Fight Fight Fight in the creation of the wallet. This development came shortly after Magic Eden and the team behind the TRUMP memecoin announced a waitlist for a crypto wallet featuring Trump's name.

Donald Trump Jr., on June 3, 2025, publicly stated that "The Trump Organization has zero involvement with this wallet product." He also announced that World Liberty Financial, where he serves as a "Web3 ambassador," is planning to launch an "official wallet soon." Eric Trump and Barron Trump also publicly distanced themselves and their family from the Fight Fight Fight and Magic Eden project. Eric Trump specifically cautioned Magic Eden to be "extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization."

Following the news of the cease-and-desist letter, the website TrumpWallet.com, which had featured a sign-up waitlist, went offline. Additionally, the Twitter account @TrumpWalletApp, which had been verified by Magic Eden, was suspended.

World Liberty Financial, described as the Trump family's first significant move into crypto, had previously introduced their USD1 stablecoin. The firm is reportedly developing its own digital wallet with features such as yield generation on tokens, directly competing with the Fight Fight Fight wallet. The TRUMP memecoin launched by Fight Fight Fight has reportedly generated significant fees for its owners.

This series of events highlights a growing conflict and confusion within the various crypto ventures associated with the Trump name and family. Some reports suggest that the ME Token, associated with Magic Eden, experienced a significant price drop following the backlash from the Trump family and the issuance of the cease-and-desist order.

As of June 5, 2025, 22:08 UTC, the official TRUMP (TRUMP) memecoin is trading at $9.787, with a 9.808% decrease in its 24-hour trading volume. World Liberty Financial USD (USD1) is trading at $1, with a 0.009% decrease in its 24-hour trading volume, according to the latest market data.

This detailed account captures the developments regarding World Liberty Financial's legal action over the unauthorized Trump-branded crypto wallet, the Trump family's public statements, and the impact on related crypto assets based on the provided market research.