Eric Trump indicated that World Liberty Financial, the family business, will purchase a “substantial” quantity of the memecoin at the center of the conflict, indicating that the conflict between the rival factions of Donald Trump’s cryptocurrency enterprise had subsided.
In a post on X on Friday, the president’s son claimed that the company behind the Trump memecoin is not proceeding with a digital wallet service, which has strained relations with World Liberty Financial, the cryptocurrency firm partially owned by the Trump group.
According to a person familiar with the situation who asked to remain anonymous because the letter hasn’t been made public, World Liberty Financial sent a cease-and-desist letter to Fight Fight Fight, the group that created the president’s profitable memecoin, on Thursday over the creation of a digital wallet known as “$TRUMP Wallet,” as reported by Bloomberg News. World Liberty announced the release of its own wallet.
Eric Trump went on to say that World Liberty intends to purchase a “significant” quantity of the Trump memecoin for its own assets.
The memecoin and World Liberty have been the targets of intense criticism from Democratic politicians who claim that Trump is using the cryptocurrency ventures to sell access to the president and influence in order to profit himself and his family. Both the White House and the president’s sons, Donald Trump Jr. and Eric Trump, have refuted the accusations on numerous occasions.
The president’s longtime friend and promoter, Bill Zanker, is in charge of Fight Fight Fight.
Cryptocurrency wallets have historically served as entry points to lending, trading, and other activities. Numerous prosperous cryptocurrency wallets also control their own cryptocurrency exchanges and provide a wide range of other services. Many Trump supporters are making their first foray into the unpredictable realm of digital assets, and both enterprises are competing for their attention.
The Zanker-affiliated business has played a key role in increasing the Trump family’s cryptocurrency fortune. According to analytics firm Chainalysis, the Trump memecoin, which was introduced by Fight Fight Fight in January, has brought in over $300 million in fees for the company’s owners. Eighty percent of the token supply was held by Fight Fight Fight and CIC Digital LLC, another Trump connection. According to cryptocurrency tracker CoinMarketCap.com, their memecoins are presently valued at almost $2 billion.
