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  • Claim

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Donald Trump TRUMP memecoin and Melania’s MELANIA memecoin launches have intensified concerns about the crypto industry’s legitimacy

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Claim

Quotes that support claims

Trump's memecoin "distracts from the greater good," a person involved in crypto policy told The Block.
“Fake promises, shilling, market manipulation — everything we have been eradicating — now gets promoted tenfold more than it used to be. Expect more fake celebrity coins, retail scams, fake promises.”
"Hello every scam targeted at everyone and anyone who has no clue about crypto," Cuban posted on X. "Good bye whatever hope the crypto industry had of legitimizing itself."

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Crypto news

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