Eric Trump announced that the planned launch of a crypto wallet for the TRUMP meme coin project will not proceed. This decision follows a cease and desist letter from World Liberty Financial, the company behind a competing project that intends to collaborate with the TRUMP meme coin. Despite the setback regarding the wallet launch, Eric Trump emphasized that they remain focused on the success of the meme coin itself, stating that World Liberty plans to invest significantly in it for their long-term treasury. This announcement follows a series of ventures related to cryptocurrency that have significantly benefited the Trump family financially. The crypto landscape is marked by its volatility, especially affecting coins associated with prominent figures, and this incident underscores the turmoil such projects often experience amid disputes.

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