Trump discovers ‘Trumpcoin’ 5 years on and now he’s furious

Trump family
Trumpcoin describes itself as a cryptocurrency that backs Trump and his supporters (Getty)

A cryptocurrency that’s been around since 2016, named after Donald Trump, seems to have finally come to his attention.

Eric Trump, the son of the former President of the United States, has taken to Twitter to threaten legal action against it.

Trumpcoin describes itself as a cryptocurrency that backs Trump and his supporters, whom it refers to as Patriots.

The TrumpCoin Patriot loves Freedom, God, Family and feels a sense of pride in contributing to society. They stand up against corruption, support integrity, preserve our individual rights in a free society and respect those flags around the world that represent freedom,’ said its website.

‘We stand firm against leftist groups and intimidation. Patriots have sacrificed their time, energies, careers, families and their lives for the good of all people,’

But the Trump family doesn’t see it like that.

On Monday, Eric Trump tweeted a ‘fraud alert’, saying that Trumpcoin has no ties with the Trump family. He then said there would be legal action against the cryptocurrency.  

Trumpcoin claims that it never said it was associated with the former president’s brand and confirmed that in a reply to Trump’s tweet.

In other replies to Twitter users, it linked to Trumpcoin’s FAQ page where it states there are no ties with the Trump brand. 

‘We feel this is a misunderstanding and we are in the crossfire,’ a Trumpcoin spokesperson told CNET.

Trumpcoin started in February 2016 and is currently priced at 22 cents according to CoinMarketCap.

In 2019, President Donald Trump slammed cryptocurrencies like Bitcoin in a tweet.

‘I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,’ read the tweet.

‘We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!’ he had tweeted on his now-suspended Twitter account.

In December, Former First Lady Melania Trump announced her first NFT featuring her eyes and voice to benefit children ageing out of the foster care system.

MORE : Donald Trump’s company misled banks and tax officials with ‘fraudulent’ assets, New York attorney general says

MORE : Melania Trump unveils NFT of her eyes and voice to help foster children


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