Trump's embrace of meme coin sours mood in crypto industry
- President Donald Trump and his wife launched meme coins, causing concern in the cryptocurrency industry about their legitimacy and potential cash grab.
- The price of Trump's meme coin rose to $70 but fell to about $45 after Melania Trump announced her own coin, which dropped to $4.
- Many in the crypto community feel that Trump's association with meme coins undermines efforts to legitimize digital assets and may delay regulatory progress.
- Critics, including crypto experts, worry that Trump's focus on meme coins distracts from serious regulatory issues in the cryptocurrency market.
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Total News Sources0
Leaning Left8Leaning Right6Center14Last UpdatedBias Distribution50% Center
Bias Distribution
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50% Center
L 29%
C 50%
R 21%
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