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Home CRYPTO

Trump Family Issues Legal Threat to TRUMP Memecoin Team Over Unauthorized Crypto Wallet

Michael Juanico by Michael Juanico
June 5, 2025
in CRYPTO, FINANCE, MEMECOINS, OPINION, SOLANA
Reading Time: 2 mins read
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  • Musk slammed Trump’s bill for cutting EV and solar incentives while sparing fossil fuel subsidies.
  • Trump said Musk only complained after learning the EV credits were being axed.
  • Musk hit back, calling the bill rushed, unreadable, and full of “disgusting pork.”

The feud between Elon Musk and President Donald Trump just kicked into overdrive. The Tesla and SpaceX CEO fired off a blunt post on X, slamming Trump’s tax and energy bill for gutting clean energy incentives while keeping oil and gas perks untouched. “Ditch the MOUNTAIN of DISGUSTING PORK in the bill,” Musk wrote, clearly fed up. That “whatever” he posted? Pretty much sums up the vibe.

BREAKING: TRUMP'S WORLD LIBERTY FINANCE SENDS CEASE AND DESIST LETTER TO COMPANY BEHIND THE $TRUMP MEMECOIN TO STOP THE "TRUMP WALLET" 🤯 pic.twitter.com/XVXCqnw4gm

— BlockNews (@blocknewsdotcom) June 5, 2025

Trump Claims Betrayal, Musk Fires Back

In the Oval Office, Trump said he was “very disappointed” with Musk, insisting he had helped the billionaire plenty and that Musk knew the bill inside out. But Musk wasn’t having it. “False,” he shot back. According to him, the bill was rushed through Congress so fast that barely anyone had time to read it, let alone him. He made it clear he was blindsided—and furious.

Musk Mocks Trump’s Favorite Catchphrase

Musk didn’t stop at just policy criticism—he took a jab at Trump’s branding too. Poking fun at the president’s habit of calling everything “big and beautiful,” Musk joked that no legislation in history could be both. “Slim and beautiful is the way,” he quipped, mocking the bill’s bloated size and overloaded spending items.

JUST IN: Donald Trump's memecoin $TRUMP lost $130M in market cap in 5 minutes after receiving a cease and desist letter from @worldlibertyfi 👀 https://t.co/fVVtH63qnC pic.twitter.com/nBdKaM1rbG

— BlockNews (@blocknewsdotcom) June 5, 2025

EV Cuts at the Heart of the Clash

At the core of this political soap opera is Trump’s move to slash electric vehicle and solar subsidies—huge for Musk’s businesses. While Trump frames it as fiscal responsibility, Musk sees it as sabotage. With both men digging in, what used to be a powerful partnership now looks like a full-on political brawl.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Donald TrumpElon Muskpolicy criticismtesla
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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