Finally, a cheap cryptocurrency called TrumpCoin (TRUMP) made the Trump family angry six years after it entered the market.
On Tuesday, Eric, Donald Trump’s second son, threatened legal action against Trump’s cryptocurrency for allegedly fraudulently using his last name.
TRUMP is a cryptocurrency that was launched in the first quarter of 2016 with the start of the election campaign season for the 45th President of the United States. It claims to be the “cryptocurrency built by the Patriots for the Patriots around the world.”
It seems that TrumpCoin at one point was waiting for legal action from the Trump family. About 24 hours after Eric’s threat, TrumpCoin responded to the Twitter account by highlighting a disclaimer on its website acknowledging that TrumpCoin is in no way affiliated with the Trump family or any related property.
TRUMP is currently trading at $ 0.28 with a 24-hour trading volume of $ 13,313, according to CoinGecko.
The Trump family is not new to the cryptocurrency industry. Melania Trump recently auctioned off a hat she was wearing when she was first lady. Paid in Solana (SOL). He also wished Bitcoin (BTC) a congratulations on the thirteenth day earlier this year.
However, Donald Trump’s cryptocurrency does not get as much attention as his wife. In October last year, he stated that the cryptocurrency posed a threat to the global dominance of the US dollar. He also said he hoped digital currencies such as the Chinese digital yuan would not create insurmountable competition for the dollar.
TRUMP joins a short but growing list of crypto projects that have come under fire for name and trademark rights.
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Lord of the Rings author J. R. Tolkien has targeted a cryptocurrency called JRR Token to use the author’s name. On November 23 last year, the cryptocurrency was forced to close and remove all content that violates copyrighted intellectual property rights.
The popular fast food restaurant Jack in the Box has also sued FTX for copyright infringement. The network claimed that the FTX mascot “Moonman” copied Jack’s magic. The case was decided outside the court last Friday.
In August last year, Ripple Labs was sued in an Australian court for copying the name of an existing nationwide payment service called PayID.