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Trump Family Threatens Legal Action Over Trumpcoin Crypto — Says ‘We Do Not Authorize the Use’ – Altcoins Bitcoin News

The Trump household has threatened authorized motion over trumpcoin, a cryptocurrency created in 2016 “to honor Donald J. Trump.” Eric Trump mentioned that the crypto has nothing to do with the Trump household. “We don’t authorize the use and we’re under no circumstances affiliated with this group. Authorized motion shall be taken,” he mentioned.

Trump Household Threatens Lawsuit Over Trumpcoin

Eric Trump, a son of the previous president and a Trump Group govt, tweeted about cryptocurrency trumpcoin Monday.

“Fraud Alert: It has come to our consideration that somebody is selling a cryptocurrency known as ‘trumpcoin’ (Image ‘TRUMP’),” he wrote, including:

This has nothing to do with our household, we don’t authorize the use and we’re under no circumstances affiliated with this group. Authorized motion shall be taken.

In accordance with the Trumpcoin web site, the cryptocurrency was created in February 2016 “with a purpose to honor Donald J. Trump.” Trumpcoin has a market cap of about $1.3 million. On the time of writing, its value is about $0.26.

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The FAQ web page for Trumpcoin states that the coin and its web site are “not owned, operated, endorsed by or in any other case affiliated” with the Trump model.

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On the time of writing, Eric Trump’s tweet has garnered 1.3K feedback. It has been retweeted 3.5K occasions and appreciated 11.4K occasions.

Some folks identified that the Trumpcoin web site clearly states that the cryptocurrency just isn’t affiliated with the Trump model in any approach. A number of others instructed Eric that the Trump household doesn’t personal the phrase “Trump.” A couple of mocked the Trump household for noticing a coin that has been round since 2016 for the primary time.

Former U.S. President Donald Trump has by no means been a fan of bitcoin or cryptocurrency. In December final yr, he mentioned crypto is “very harmful,” warning of an explosion like now we have by no means seen earlier than. He has repeatedly mentioned that he doesn’t need every other currencies that would damage the U.S. greenback.

What do you concentrate on the Trump household threatening to sue over trumpcoin? Tell us within the feedback part under.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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