Renowned U.S. entrepreneur Mark Cuban has voiced his frustration over President Donald Trump’s launch of the Official Trump meme coin on the weekend before his inauguration.
The Dallas Mavericks owner called the move a setback for crypto’s legitimacy, suggesting it undermines ownership and promotes speculation.
Cuban Slams Trump’s Meme Coin Move
The billionaire, a mainstay of the popular reality show “Shark Tank,” took to X on January 20 to express his disapproval of the President’s meme coin rollout, labeling it as “self-serving” and “the biggest bunch of nonsense” he had ever encountered in crypto.
Cuban argued that initiatives like Trump’s were harmful to the industry’s reputation as they prioritized risk-taking over value creation.
“This is the biggest bunch of self serving Bullsh*t I have ever heard. In your world there is no ownership. Just speculation,” he said.
Furthermore, the businessman hinted that the launch could open doors for scammers targetin
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