Crypto Execs Express Concerns Over TRUMP Meme Coins
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Crypto industry leaders are raising serious concerns about the chaos caused by TRUMP and MELANIA, the controversial memecoins launched by 'crypto president' Donald Trump and his wife the weekend before his Monday inauguration. According to a Jan. 22nd report by the Financial Times, Nic Carter, founding partner of Castle Island Ventures, highlighted the conflict of interest, pointing out that the president’s position allows him to influence crypto regulations while directly benefiting from the trading of his tokens. The meme coins were initially worth a combined $17.5 billion, per data from CoinGecko. However, by midweek, both had lost more than half their value, leaving investors in a precarious position.
