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'A mockery': Trump's new meme-coin sparks anger in crypto world
The president's meme-coin launch is being criticised as a stunt, while impatience grows for deregulation.
"TRUMP token just signaled to every company, municipality, university & individual brand that crypto can now be used as a capital formation and customer bootstrapping mechanism," Jeff Dorman from investing firm Arca posted online. "This pattern of celebrity-driven token launches, particularly from political figures, potentially marks a concerning trend in crypto markets where influence and liquidity manipulation could overshadow fundamental value creation," he said. "The introduction of these coins during the presidential inauguration raises concerns about potential conflicts of interest and may undermine the dignity of the president and the first lady," said Grzegorz Drozdz, market analyst at investment firm Conotoxia.
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