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World Liberty Financial sends cease-and-desist over memecoin, Bloomberg reports

Trump’s World Liberty Financial sent a cease-and-desist letter to Fight Fight Fight, the company behind $TRUMP, and to Magic Eden after they announced the development of a digital wallet called “$TRUMP Wallet,” Bloomberg’s Olga Kharif reports. The infighting started after Fight Fight Fight announced the wallet, which will let users trade and hold the meme coin and other digital assets, and the Trump-backed World Liberty Financial has been readying its own wallet, according to a person familiar with the matter. The Trump memecoin has generated over $300M in fees for its owners since its launch in January. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).

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