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Cody Carbone ,president of The Digital Chamber acknowledged that the launch of Trump Meme Tokens was not a surprise and expressed optimism about the future

Mark Cuban argued that the memecoin phenomenon, led by Trump, erodes any hope for crypto legitimacy by fostering speculative behavior without real utility, likening it to a “game of musical chairs.”

Donald Trump’s TRUMP memecoin has been widely criticized within the crypto community, with figures like Anthony Scaramucci calling it “Idi Amin level corruption” and Nic Carter labeling it a “preposterous” move

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Memecoins meet politics: Donald Trump family launches billion-dollar tokens

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