Eric Trump announced that the planned launch of the TRUMP meme coin's crypto wallet will not proceed due to a dispute with World Liberty Financial. The issue arose after World Liberty Financial issued a cease and desist letter to the meme coin team. Despite this setback, Eric Trump stated that World Liberty Financial intends to invest in the TRUMP meme coin for its treasury. He expressed pride in their collaboration and reaffirmed their commitment to the meme project. The conflict follows the earlier announcement of the wallet, which has since been taken offline. Trump's involvement in cryptocurrency ventures has drawn criticism, with some suggesting it is a strategy to enhance his family's wealth. The projects are believed to significantly increase Trump's net worth, as they account for a large portion of it. Eric Trump emphasized their vision for crypto and patriotism, indicating their focus remains on growing the TRUMP meme coin brand despite these challenges.

Source đź”—