BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Mark Cuban Criticizes Meme Coin While Joking About Launching His Own, Citing Regulatory Risks

by Sham
January 20, 2025
in Crypto, Featured, Opinion
A A
Mark Cuban Criticizes Meme Coin While Joking About Launching His Own, Citing Regulatory Risks
9
SHARES
Share on TwitterShare on Reddit
  • Mark Cuban criticized Trump’s meme coin, calling it a blow to crypto’s legitimacy and a risky precedent for the industry.
  • TRUMP’s price surged to $73 before crashing 40% as Melania Trump launched her own meme coin, MELANIA, which soared 12,000%.
  • Lawmakers and experts raised concerns about meme coins tied to political figures, urging stronger regulations to prevent conflicts of interest.

The cryptocurrency world was thrown into a frenzy this weekend with the launch of Donald Trump’s TRUMP meme coin, sparking criticism, wild price swings, and concerns about the future of digital assets. Even as prices soared and crashed, figures like Mark Cuban and lawmakers weighed in on what this all means for crypto’s legitimacy.

JUST IN: Billionaire Mark Cuban (@mcuban) teased launching his own meme coin 🤣 pic.twitter.com/HXNlz7UFux

— BlockNews (@blocknewsdotcom) January 20, 2025

Mark Cuban’s Critique of TRUMP Coin

Mark Cuban, a longtime advocate for Dogecoin, wasn’t impressed by Trump’s foray into meme coins. In a post on X, he argued that TRUMP undermines efforts to legitimize the crypto space, claiming it sets a dangerous precedent where investors don’t need to understand what they’re buying. “Gensler’s probably laughing his ass off,” he quipped, referencing the former SEC chair’s stringent stance on crypto.

Meme Coin Mayhem: TRUMP and MELANIA Tokens

TRUMP’s price surged to an all-time high of $73 on Sunday before crashing 40% to $40 after Melania Trump launched her own meme coin, MELANIA, which soared over 12,000% in value. Critics, including Eli Cohen of Centrifuge, called the launches a “conflict of interest” that risks making U.S. crypto policy look self-serving.

Broader Impact on Meme Coins and Regulations

Trump’s meme coin launch has also shifted momentum in the broader market. Dogecoin, the original meme coin, has dropped 15% since TRUMP’s debut, with some lawmakers like Rep. Ro Khanna (D-CA) calling for regulations to treat meme coins as gambling. Meanwhile, speculation grows around how this move will affect future crypto legislation, as bipartisan support remains critical for clearer regulations like the FIT21 Act, which could define and stabilize the industry’s legal framework.

Despite the buzz, TRUMP’s rocky debut and the overlapping interests of its creators have left experts questioning whether meme coins tied to political figures will do more harm than good for crypto’s credibility.

Tags: $TRUMPdigital assetsmark cubanMeme Coinsec
Tweet2ShareShare4

DON'T MISS THESE! HOT OFF THE PRESS

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound
Crypto

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?
Crypto

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive
Bitcoin

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?
Crypto

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
ADA Derivatives Spike as Traders Eye Next Move
Cardano

ADA Derivatives Spike as Traders Eye Next Move

May 31, 2025
Dogecoin Slides, But Hope for a Bounce Lingers
Crypto

Dogecoin Slides, But Hope for a Bounce Lingers

May 31, 2025
Load More

Related News

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
ADA Derivatives Spike as Traders Eye Next Move

ADA Derivatives Spike as Traders Eye Next Move

May 31, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.