Summary
Donald Trump launched a meme coin during his inauguration celebrations, prompting backlash from the crypto industry.
While Trump has pledged pro-crypto reforms and appointed industry-friendly officials, critics say his meme coin venture undermines efforts to legitimize digital assets, branding it as a “cash grab.”
The coin, initially priced at $70, dropped to $45 after First Lady Melania Trump launched her own meme coin.
Crypto leaders fear the association with meme coins damages the industry’s credibility as a serious financial sector.
The Trump Organization organized the sale of the coins, which are marketed as expressions of support rather than investment opportunities.
Crypto leaders fear the association with meme coins damages the industry’s credibility as a serious financial sector.
Bit late for that.
Yay, Trump’s embracing crypto… Wait, not like that.
When you’re a star, they let you grab them by the pussy
“damages the credibility of the crypto industry”
/s
Why are they calling it an industry when it is non productive?
It produces idiots and grifters.
Crypto bros can all fuck off and die.
Basically, money laundering.
Oh no. I feel so bad for them.
If he’s going to shit in someone’s well, at least it’s one belonging to the crypto bros. That’s not as bad as him vandalizing something that’s actually useful.
Was pardoning Ulbricht supposed to be throwing a bone to the crypto community after the backlash? I genuinely can’t understand why he was pardoned.
It was a quid pro quo to gain libertarian votes. I am surprised his people are having him follow through on his side though.
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