Summary
- Mark Cuban criticized Trump's meme coin issuance as close to fraud.
- He warned that meme coins target people who are unaware of cryptocurrency.
- The reaction of the SEC and U.S. regulatory bodies is noteworthy.
According to The Block, a cryptocurrency-focused media outlet, on the 20th (local time), billionaire entrepreneur and cryptocurrency advocate Mark Cuban criticized President-elect Donald Trump's issuance of a meme coin via X (formerly Twitter).
He stated, "Meme coins are close to fraud targeting people who know nothing about cryptocurrency," and pointed out, "With Trump's issuance of a meme coin, Gary Gensler will laugh, and the new head of the U.S. Securities and Exchange Commission (SEC) will be angry."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
