{"id":43882,"date":"2025-06-06T11:00:30","date_gmt":"2025-06-06T08:00:30","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43882"},"modified":"2025-06-06T09:44:45","modified_gmt":"2025-06-06T06:44:45","slug":"trump-backed-world-liberty-financial-blocks-rival-wallet","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-backed-world-liberty-financial-blocks-rival-wallet\/","title":{"rendered":"Trump-Backed World Liberty Financial Blocks Rival Wallet"},"content":{"rendered":"<ul>\n<li><span data-contrast=\"auto\"><strong>World Liberty Financial<\/strong> halts <strong>$TRUMP Wallet<\/strong> amid competition with Trump family\u2019s <strong>crypto<\/strong> ventures.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\"><strong>Fight Fight Fight<\/strong> developed a digital wallet named <strong>$TRUMP Wallet<\/strong> for the Trump-themed <strong>memecoin<\/strong>, allowing users to store and trade the memecoin. However, after the project was publicly announced, World Liberty Financial, affiliated with the <strong>Trump family<\/strong>, took action. Meanwhile, World Liberty Financial is preparing to launch its own <strong>digital wallet<\/strong>. This situation has escalated tensions.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The company sent a cease-and-desist letter to the developers, claiming unauthorized use of the wallet name and the <a href=\"https:\/\/coinengineer.net\/blog\/truth-social-bitcoin-etf-sec-application-trump\/\"><strong>Trump<\/strong><\/a> brand. <strong>Fight Fight Fight<\/strong> also partnered with <strong>Magic Eden<\/strong> to promote the wallet. Unfortunately, Magic Eden also received a warning due to these notices. This development caused confusion among investors.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">Direct Reaction from the Trump Family\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">The <strong>Trump family<\/strong> did not stay silent. <strong>Donald Trump Jr.<\/strong> expressed his reaction directly on the social media platform X, stating:\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cThis project is not approved and has no connection with us.\u201d\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Eric Trump added in a written statement:\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">\u201cCare should be taken regarding the use of our name in unapproved projects unrelated to our organization.\u201d\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Following these statements, the <strong>memecoin price<\/strong> dropped about <strong>10%<\/strong>. The token, which reached<strong> $75.35<\/strong> in January, now trades around <strong>$9.78<\/strong>, losing nearly 87% of its value. The Trump family is directly or indirectly involved in two competing projects. Both try to stand out in the <strong>crypto market<\/strong> with Trump-themed products, competing to attract Trump supporters and newcomers to crypto.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile,<strong> World Liberty Financial<\/strong> continues developing its own <strong>digital wallet<\/strong>, aiming to offer yields through its token. Despite occasional disruptions in the digital infrastructure, approximately <strong>$550 million<\/strong> has been raised, and a <strong>stablecoin<\/strong> named <a href=\"https:\/\/coinengineer.net\/blog\/trump-backed-project-quietly-airdrops-usd1-stablecoins-to-wlfi-holders\/\"><strong>USD1<\/strong><\/a> has been launched.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Liberty Financial halts $TRUMP Wallet amid competition with Trump family\u2019s crypto ventures.\u00a0\u00a0 Fight Fight Fight developed a digital wallet named $TRUMP Wallet for the Trump-themed memecoin, allowing users to store and trade the memecoin. However, after the project was publicly announced, World Liberty Financial, affiliated with the Trump family, took action. Meanwhile, World Liberty<\/p>\n","protected":false},"author":36,"featured_media":29505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[17547,17549,17543,17545,17542,17544,17548,17541,17546,8848,15780,15548,9059,14050,8603],"class_list":["post-43882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-crypto-brand-conflict","tag-crypto-investor-alert","tag-crypto-legal-battles","tag-crypto-wallet-rivalry","tag-digital-wallet-dispute","tag-fight-fight-fight-crypto","tag-memecoin-price-drop","tag-memecoin-wallet","tag-trump-blockchain","tag-trump-crypto","tag-trump-family-crypto","tag-trump-stablecoin","tag-trump-token","tag-usd1-stablecoin","tag-world-liberty-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump-Backed World Liberty Financial Blocks Rival Wallet - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-backed-world-liberty-financial-blocks-rival-wallet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Backed World Liberty Financial Blocks Rival Wallet - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"World Liberty Financial halts $TRUMP Wallet amid competition with Trump family\u2019s crypto ventures.\u00a0\u00a0 Fight Fight Fight developed a digital wallet named $TRUMP Wallet for the Trump-themed memecoin, allowing users to store and trade the memecoin. 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