Trump's embrace of meme coin sours mood in crypto industry
- President Donald Trump and First Lady Melania Trump launched meme coins, which critics view as a cash grab that undermines the legitimacy of digital assets.
- The price of Trump's meme coin initially rose to over $70 but fell to about $45 after Melania's coin launch, which also saw a price drop.
- Trump appointed SEC Commissioner Mark Uyeda as acting chief, who announced a new crypto task force to pursue a sensible regulatory path.
- Crypto enthusiasts expressed disappointment, stating that the association with meme coins makes the industry appear unserious and could hinder reform efforts.
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Total News Sources0
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
L 57%
C 29%
14%
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