Trump coin, a low cap automated cryptocurrency after six years of entering the markets has finally drawn the attention of the Trump empire. The Trump family stated that they do not approve of the name TRUMP COIN.
Eric Donald Trump’s former president second son threatened legal action against Trumpcoin for using his family name fraudulently in affiliation to the cryptocurrency project.
The threat was made on January 24th Monday afternoon on Twitter where he made a statement. Eric stated that the Trump family’s attention was recently drawn to a crypto project called Tumpcoin. He went on to tell the general public that the Trump family is not in any way associated with the digital coin and the group promoting it. He further asserted that further legal actions will be filed against the group.
In response to this threat, a Twitter account likely to be managed by the group backing the TrumpCoin project replied Mr. Trump. The Twitter account
responded by saying the website explicitly stated that the project is not endorsed, operated, owned, or linked with Donald J Trump. Not just that, the website also stated that the Trump coin is also not associated with the Trump Organization. The response was corroborated with a screenshot from the website.
According to the Twitter account, the use of the name or similarities of any office holder or identity does not necessarily indicate the approval or authorization by that person. Furthermore, those behind the cryptocurrency “Trumpcoin” encourage a direct line of communication with Eric Trump. This is to further explain and ensure clarity as regards the background and main goal of the cryptocurrency. And most importantly, to let people know that they are not frauds.
The Trump coin is a cryptocurrency that was launched during the 2016 campaign period. At that time, the United States wanted to elect the 45th president into office. The coin claims to be created by “loyalists for loyalists around the World” and is traded freely and plainly on many websites of cryptocurrency exchanges.
The cryptocurrency Trump coin is generally considered to be a meme coin that is usually created around a theme. However, these meme coins do not necessarily have any real-life use case. After the coin was launched, President Donald Trump received the Republican nominations officially on 19th July 2016 and won the Election on 8th November 2016.
Since then, TRUMP coin joined the growing list of cryptocurrency projects that have come under allegations over branding and naming rights. While Donald Trump, the former president, does not esteem cryptocurrency in high regard, his wife ( Melania Trump) seems to be a passive supporter of cryptocurrency.
Just recently, Melania Trump auctioned her hat which she wore when she was still the first lady and received payments in Solana (SOL). Melania also celebrated Bitcoin’s birthday as its clock 13th. Last October, Donald Trump in his words said that “cryptocurrency will pose a threat to U.S. dollar superiority in the world”. He also hopes that digital currencies do not create a difficult competition for the dollar.
He further asserted that Bitcoin seems like a scam. In his words, he said he doesn’t like Bitcoin because like every other currency, it is competing against the U.S dollar. He added that his goal was to make the U.S dollar the world’s currency.
TrumpCoin
TrumpCoin is a digital cryptocurrency that identifies and supports conservatives and loyalists worldwide. Its goal is to ensure sufficient privacy, crowdfunding with governance, and at large supports global organization. TRUMP is currently trading with a 24-hour trading volume of $17,838.57 at $0.180671 and there are about 6.6 million of the coins circulating currently in the market according to the coin market cap.
It is not yet certain what the future holds for TrumpCoin in regards to Eric Trump’s legal threat, But one thing is sure about Donald: consensus can be reached that’s prosperous for Trump, probably TrumpCoin will live on.
Conclusively, promoters of the Trumpcoin say they are optimistic that the language surrounding this declaration about their identity will be softened and they can stand firm knowing that the great organization (TRUMP) can survive friendly report” adding that the coin is “globally accepted where freedom still exists”.
