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Market News

WLFI Sends Cease-and-Desist Letter to TRUMP Memecoin Creators

Written By Iyiola Adrian
Fact Checked by Kritika Mehta
Published 2025-06-06·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
WLFI Sends Cease-and-Desist Letter to TRUMP Memecoin Creators

World Liberty Financial (WLFI), a company tied closely to Donald Trump’s family, has sent a cease-and-desist letter to Fight Fight Fight, the group behind the popular TRUMP memecoin and the new “TRUMP Wallet.” The letter demands that Fight Fight Fight stop developing the wallet, saying it is unauthorized. 

According to Bloomberg, Fight Fight Fight is linked to Trump’s longtime friend and promoter Bill Zanker. It recently caused confusion in the crypto space after announcing that it plans to launch the TRUMP Wallet, which would allow users to trade and store memecoins and other digital assets. 

This wallet is reportedly built with Magic Eden, a digital marketplace, which has also received a cease and desist letter as well from WLFI. The letter accuses both companies of infringing on WLFl’s right in Trump’s crypto brand. 

Donald Trump Jr. was quick to react to the wallet’s launch on X. He warned the space against the project that it is a “fake Trump wallet” and urged them to take caution.

“I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization,” he said.

Meanwhile, the website for the TRUMP Wallet has been unstable since it was released. It was even taken down and brought back online several times. The social media account on X was also suspended early this week. However, WorldLiberthy Finacial has not said anything publicly regarding the wallets, and Fight Fight Fight has not responded as well. 

WorldLiberty Financial itself is developing its own crypto wallet and it includes features that would allow users to earn yield on tokens. The company has raised about $550 million through token sales and has also issued a stablecoin called USDL. This stablecoin is pegged to the U.S.dollar and valued at approximately $2.2 billion in market cap, according to CoinMarketCap.

According to sources, Bill Zanker has always been the key to the Trump family’s crypto presence. He helped launch the Trump meme-coin  $TRUMP  in January 2025. Fight Fight Fight and another Trump-related company, CIC Digital LLC, together hold 80% of the total token supply. The coin is valued at roughly $1.7 billion on crypto tracking sites.

Zanker also helped the family to organize a controversial dinner outside Washington, D.C., where Donald Trump spoke to some of the largest holders of the $TRUMP token.

Also Read: Trump Wallet Controversy Gets Everyone Confused: Scam or Not?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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