HomeNewsStop the steal? Trump family threatens legal action against TrumpCoin

Stop the steal? Trump family threatens legal action against TrumpCoin


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A low cap cryptocurrency named TrumpCoin (TRUMP) has indirectly drawn the ire of the Trump dynasty six years after it entered the market.

On Jan. 25, Donald Trump’s second son Eric threatened staunch action against the TRUMP cryptocurrency for allegedly utilizing his family’s title fraudulently.

Fraud Alert: It has attain to our consideration that someone is promoting a crypto foreign money known as “TrumpCoin” (Symbol  “TRUMP.”) This has NOTHING to design with our family, we design now not authorize the employ and we’re in no manner affiliated with this neighborhood. Right action will be taken.

— Eric Trump (@EricTrump) January 24, 2022

TRUMP is a cryptocurrency that launched in Q1 2016 because the advertising and marketing and marketing campaign season to elect the 45th President of the US began. It claims to be “A Cryptocurrency created by Patriots for Patriots sometime of the World.”

The TrumpCoin crew it appears to be anticipated litigation sometime from the Trump family. About 24 hours after Eric’s chance, the TrumpCoin Twitter narrative fired attend by highlighting a disclaimer on its website acknowledging that TrumpCoin is in no manner affiliated with the Trump family or any of its associated properties.

@EricTrump, here’s on our website https://t.co/ilziwkSinB. https://t.co/mhWEnQhqYS pic.twitter.com/ISO394MkHN

— Trumpcoin – #1 Patriot Cryptocurrency (@TrumpCoinWW) January 24, 2022

TRUMP is at the moment buying and selling at $0.28 with a 24-hour buying and selling quantity of $13,313 in line with CoinGecko.

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The Trump family is just not any stranger to the crypto industry. Melania Trump neutral now not too prolonged within the past auctioned off a hat she wore whereas she modified into the First Lady. Rate modified into made in Solana (SOL). She also congratulated Bitcoin (BTC) on its 13th birthday on the origin of this 365 days.

Donald Trump, alternatively, would now not bewitch cryptocurrency in as excessive regard as his better half. Final October, he acknowledged that cryptocurrency is a chance to US Buck hegemony on this planet. He also acknowledged that he hopes digital currencies luxuriate in China’s Digital Yuan design now not impact insurmountable competitors for the greenback.

TRUMP joins a brief however growing list of crypto pros that gather attain below fireplace over naming and branding rights.

The estate of Lord of the Rings author J.R.R. Tolkein took neutral on the crypto named JRR Token for utilizing the author’s title. On Nov. 23 of the final 365 days, the crypto modified into forced to forestall down and delete any teach material that infringed on the estate’s copyrighted intellectual property.

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Popular rapidly meals restaurant Jack within the Box also sued FTX over copyright infringement. The chain alleged FTX’s “Moon Man” mascot copied its “Jack” mascot. The case was modified into settled out of the courtroom on Jan. 21.

Ripple Labs was modified into sued in the Australian courtroom final August for copying the title of a preexisting nationwide funds service named PayID.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We do no longer provides funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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