Mark Cuban Slams TRUMP Coin As “Crypto Chaos,” Praises Shiba Inu And Dogecoin ⋆ ZyCrypto
The post Mark Cuban Slams TRUMP Coin As “Crypto Chaos,” Praises Shiba Inu And Dogecoin ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Billionaire Mark Cuban has slammed the newly launched TRUMP coin, labeling it a symbol of “crypto chaos” while offering praise for established meme coins like SHIB and DOGE. Cuban’s remarks, made on Monday, came in response to the growing frenzy surrounding the Trump-themed cryptocurrency, which has seen a meteoric rise since its debut. “Mint it, print it, Sell it, F** it. That is the mantra for the world you are suggesting. This is the biggest bunch of self-serving bullshit I have ever heard.” Cuban wrote. His comments were directed at a tweet by Jeff Dorman, Chief Investment Officer of Arca, who argued that the TRUMP coin signals a pivotal shift in the crypto landscape. According to Dorman, “The President himself is both an issuer and an investor,” which could encourage broader crypto adoption as a capital formation tool. He envisioned a future where tokens become ubiquitous, predicting that major institutions like universities, municipalities, and brands could adopt similar mechanisms. Cuban accused the TRUMP coin of promoting speculation over legitimate ownership and warned that it jeopardizes the crypto industry’s efforts to gain credibility. Cuban further called out regulatory bodies, asserting that the coin’s emergence undermines the SEC’s ability to enforce securities laws. Advertisement   In a separate tweet, Cuban acknowledged the success of meme coins with real value and strong communities, stating, “It’s why Doge, Shiba Inu, and only a few others have worked. It’s about the community long term… No promises. No pumps. Just complete transparency.” Cuban’s comments responded to a user who observed that sustainable meme coins require time and organic growth for a strong community to emerge. The user pointed out that hype-driven launches often result in short-term speculation, leaving tokens in the hands of traders rather than community builders. Cuban’s remarks drew a response…
Filed under: News - @ January 31, 2025 2:18 am