Mark Cuban Announces Meme Coin to Help Pay Off U.S. National Debt
Entrepreneur Mark Cuban declared that a meme coin that imitates the TRUMP token will be released. The proceeds from the coin’s sale, in contrast to other meme coins, will be utilized to settle the national debt of the United States. Cuban outlined his plans on X, stating that the meme coin would function similarly to the $TRUMP coin, trading only 20% of it and following the same release schedule.
If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as $TRUMP. 20% float. Same release schedule. One difference: All the revenue from the sale of the coins goes to the U.S. Treasury. If you want to gamble, gamble. But at least use it to make a dent in the U.S. debt.
Cuban
According to him, the goal of the project is to use meme coin speculation to pay off the US debt. Cuban further affirmed that the scheme would be transparent because the Treasury wallet address, which allows for tracking of the funds, will be shared.
Cuban Criticizes TRUMP Coin for Undermining Crypto Market Trust
Cuban highlighted the TRUMP coin in another post on X, saying that the digital asset market will only struggle to establish trust because of its shaky beginning. According to him, the currency would endanger the ongoing process of appropriately regulating digital assets, and he raised fears about TRUMP’s future.
Cuban mentioned the mounting need for new cryptocurrency regulations among US lawmakers. The FIT21 Act, which can assist in determining the legal status of digital assets, was another item he mentioned. The TRUMP launch, however, is detrimental to the sector, according to Cuban, as it incentivizes investors to buy tokens without fully comprehending what they are getting.
Gary Gensler has got to be laughing his ass off,
Cuban
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment