World Liberty Financial (WLFI) has issued a cease-and-desist letter to Fight Fight Fight LLC, the creator of a Bitcoin wallet associated with Donald Trump's branding, in response to the launch of the $TRUMP Wallet.

The letter was sent to Fight Fight Fight LLC, which had recently announced plans for a Trump-branded crypto wallet in collaboration with Magic Eden.

As of today, the promotional website for the wallet has been taken offline, although social media promotions for the project remain active.

The website TrumpWallet.com, which previously hosted a waitlist for the wallet, also went offline following the cease-and-desist notice.

The cease-and-desist letter was reported by Bloomberg today, but it has not been publicly released, and WLFI has not provided a formal statement regarding potential legal actions.

Donald Trump Jr. and Eric Trump publicly disavowed the wallet project, clarifying that WLFI and the Trump Organization were not involved, and any official announcements would come directly from WLFI.

In a statement on June 3, 2025, Donald Trump Jr. acted as a 'Web3 ambassador' for WLFI, indicating that the Trump Organization plans to launch their own crypto initiatives.

This situation highlights the tensions within the Trump brand as multiple Web3 initiatives emerge, some officially sanctioned and others not.

Concerns have been raised by lawmakers about the intersection of Trump’s political role and his activities in the crypto sector, fearing it could politicize legislative efforts on digital assets.

Critics in Congress have cited potential conflicts of interest and insider trading issues related to Trump's cryptocurrency ventures.

WLFI, which has backing from the Trump family, raised approximately $550 million through token sales by March 2025 and is currently under scrutiny for its USD1 stablecoin.

The ongoing scrutiny surrounding these developments may impede the progress of digital asset-related legislation currently being considered in Congress.