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Trump Family Taking Legal Action On Trump Coin

TrumpCoin, a meme coin, has piqued the interest of members of the Trump family, who are not amused. Donald Trump’s son, Eric Trump, tweeted today that TrumpCoin has nothing to do with the Trump family, is not authorized, and will face “legal action.”

According to the TrumpCoin FAQ, it was created on February 20, 2016, to honour former President Donald Trump. On its Twitter account, it also refers to itself as the “#1 Patriot Cryptocurrency.” According to CoinMarketCap, the current market capitalization of TrumpCoin is around $1.5 million, with a circulating supply of slightly more than 6.6 million coins. The coin currently has almost no trading volume, but it has increased by more than 350% today, most likely as a result of Eric Trump’s tweet.

erictrump-crypto-trumpcoin

TrumpCoin responded to the younger Trump brother’s Tweet with a screenshot of its FAQ:

“Trumpcoin.com is not owned, operated, endorsed by, or otherwise affiliated with Donald J. Trump, The Trump Organization, Donald J. Trump for President Inc, or any other organization owned and/or operated by Donald J. Trump or any of his affiliates.”