Eric Trump announced that World Liberty Financial (WLFI), a DeFi platform linked to President Donald Trump and his family, will take a significant treasury stake in the official Trump meme coin. Meanwhile, an unofficial Trump – branded wallet project has been nixed. Here are the details:
The Acquisition Plan of WLFI
Acquiring a Stake in Trump Meme Coin: WLFI will purchase a substantial long – term position in the Trump token. This move is in line with the platform’s treasury strategy. Eric Trump said the investment reflects a shared commitment to combining digital asset innovation with patriotic values.
The Cancellation of the Unofficial Wallet Project
The Emergence of the Unofficial Wallet: On June 3, the team Fight Fight Fight LLC and NFT platform Magic Eden began promoting a Trump – branded wallet and trading application. However, the Trump organization quickly denied any connection to the wallet.
Legal Action by WLFI: WLFI considered the wallet product misleading and unauthorized and issued a cease – and – desist letter to the relevant firms. The legal action led to the shelving of the wallet project.
Related topic:
