Donald Trump's son threatens to sue TrumpCoin cryptocurrency project – Bits Media

Eric Trump, son of former US President Donald Trump, intends to file a lawsuit against the TrumpCoin cryptocurrency project. He accuses the project of fraud, however, TrumpCoin denies these accusations.

The TrumpCoin website states, that the project has been launched 20 february 2016 year in honor Donald Trump. The creators of TrumpCoin call the TRUMP crypto asset “the first patriotic cryptocurrency”. Its current market capitalization is approx. $1.3 million, and the number of TRUMP, in circulation, has more than 6.6 million. Cryptocurrency meme has attracted the attention of Trump family members, who were not happy with her. Eric Trump tweets warning:

"Attention, fraud: we became aware, that someone is promoting a cryptocurrency called “TrumpCoin” (TRUMP). This cryptocurrency has NOTHING to do with our family, it was launched without our knowledge or permission, and we are against its use. We will file a lawsuit", – Eric Trump wrote.

In the comments to this tweet, TrumpCoin posted a screenshot of a fragment from the “Frequently Asked Questions” section from its website. It says, that TrumpCoin does not belong, not controlled, is not endorsed by or associated in any way with Donald Trump, his parent company, The Trump Organization, by Donald J. Trump for President Inc or any other organization, owned or operated by Donald Trump or his affiliates.

Some participants in the cryptocurrency industry also do not support the development of comic and parody cryptocurrencies. Earlier, founder of Cardano Charles Hoskinson (Charles Hoskinson) stated, that the industry should not pay too much attention to meme cryptocurrencies and NFTs, because it's not serious.

Nonetheless, wife of the former US President, Melanie Trump, Couldn't escape the NFT craze. Last December, she introduced collectible tokens called "Melania's Vision" featuring her eyes for the initiative, aimed at ensuring the well-being of children around the world.