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 stated that the crypto has nothing to do with the Trump household. “We don’t authorize the use and we’re on no account affiliated with this group. Authorized motion might be taken,” he stated.

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 on no account affiliated with this group. Authorized motion might be taken.

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

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.

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

Some individuals identified that the Trumpcoin web site clearly states that the cryptocurrency will not be affiliated with the Trump model in any approach. A number of others informed Eric that the Trump household doesn’t personal the phrase “Trump.” Just a few 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 stated crypto is “very harmful,” warning of an explosion like we’ve by no means seen earlier than. He has repeatedly stated that he doesn’t need every other currencies that might harm the U.S. greenback.

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

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

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Well-liked Information

In Case You Missed It



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 24,067.45
ethereum
Ethereum (ETH) $ 1,881.90
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 317.31
cardano
Cardano (ADA) $ 0.555895
xrp
XRP (XRP) $ 0.372449
binance-usd
Binance USD (BUSD) $ 0.999868
solana
Solana (SOL) $ 43.35
dogecoin
Dogecoin (DOGE) $ 0.079472
polkadot
Polkadot (DOT) $ 8.78
shiba-inu
Shiba Inu (SHIB) $ 0.000016
avalanche-2
Avalanche (AVAX) $ 27.76
staked-ether
Lido Staked Ether (STETH) $ 1,834.49
matic-network
Polygon (MATIC) $ 0.954335
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.069005
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 24,041.44
ethereum-classic
Ethereum Classic (ETC) $ 41.20
okb
OKB (OKB) $ 21.30
leo-token
LEO Token (LEO) $ 5.37
litecoin
Litecoin (LTC) $ 60.57
ftx-token
FTX (FTT) $ 30.73
near
NEAR Protocol (NEAR) $ 5.37
chainlink
Chainlink (LINK) $ 8.64
crypto-com-chain
Cronos (CRO) $ 0.151506
uniswap
Uniswap (UNI) $ 8.41
cosmos
Cosmos Hub (ATOM) $ 11.39
stellar
Stellar (XLM) $ 0.122512
monero
Monero (XMR) $ 164.69
flow
Flow (FLOW) $ 2.71
bitcoin-cash
Bitcoin Cash (BCH) $ 136.50
aerarium-fi
Aerarium Fi (AERA) $ 7.12
algorand
Algorand (ALGO) $ 0.357339
vechain
VeChain (VET) $ 0.031253
filecoin
Filecoin (FIL) $ 8.27
internet-computer
Internet Computer (ICP) $ 7.71
apecoin
ApeCoin (APE) $ 6.24
decentraland
Decentraland (MANA) $ 1.04
the-sandbox
The Sandbox (SAND) $ 1.31
chain-2
Chain (XCN) $ 0.084216
hedera-hashgraph
Hedera (HBAR) $ 0.077695
axie-infinity
Axie Infinity (AXS) $ 18.32
tezos
Tezos (XTZ) $ 1.80
lido-dao
Lido DAO (LDO) $ 2.69
quant-network
Quant (QNT) $ 114.01
aave
Aave (AAVE) $ 109.73
theta-token
Theta Network (THETA) $ 1.49
frax
Frax (FRAX) $ 0.998939
elrond-erd-2
Elrond (EGLD) $ 60.62
Shares