Critics flay Trump, wife over crypto launch
21 January 2025 |
12:08 am
Mixed feelings have trailed the cryptocurrencies launched by Donald Trump and his wife, Melania, shortly before Trump was inaugurated as the new President of the United States of America, accusing them of taking advantage of the people.
• Says it confirms greed
Mixed feelings have trailed the cryptocurrencies launched by Donald Trump and his wife, Melania, shortly before Trump was inaugurated as the new President of the United States of America, accusing them of taking advantage of the people.
Trump announced the launch of his coin on Saturday, Trump Official ($Trump), barely 48 hours to his assumption of office as the 47th President of the nation, while his wife unveiled hers, Melania Meme ($Melania) 24 hours after.
These have caused a lot of ripples in the crypto community as pro-crypto enthusiasts believe it is a signal of what is to happen in the industry with Trump’s presidency, while others say that it was singularly borne out of greed.
Positioning for a massive Trump impact on the space, the co-founder of BitMEX, Arthur Hayes, wrote on his X Page, enjoining other pro-crypto fans to push $TRUMP to a $100 billion market cap. “Degens, let’s celebrate the emperor by sending his meme coin to 100 Billy by Monday.”
But some were so quick to reflect on the controversial Securities and Exchange Commission (SEC) Chair, Gary Gensler, whom Trump vowed to fire today, saying the emergence of $TRUMP and $MELANIA coins have just confirmed his fears.
“I think we all need to say this: we are sorry Gary Gensler, you were right, our space is a joke,” an anonymous tweeted on X Page, justifying the anti-crypto stance taken by past governments in America and beyond.
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Mixed feelings have trailed the cryptocurrencies launched by Donald Trump and his wife, Melania, shortly before Trump was inaugurated as the new President of the United States of America, accusing them of taking advantage of the people.
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