President Donald Trump faced backlash after introducing a meme-coin, TRUMP, on social media just days before his inauguration. While it saw an initial value surge to $75, criticism ensued, as many industry insiders viewed the launch as trivializing cryptocurrency. Trump's comments, claiming ignorance about the coin despite its quick success, further fueled skepticism, with critics labeling it a publicity stunt. Despite mixed reactions, some analysts see a potential shift in how companies engage with crypto, while many hope Trump could support the crypto sector amidst ongoing scrutiny.
The launch of TRUMP, a meme-coin by President Trump, has received significant criticism, particularly due to his admission of limited knowledge about cryptocurrency.
Critics argue that Trump's involvement in cryptocurrency is more of a publicity stunt than a serious engagement with the industry.
Collection
[
|
...
]