- 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.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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.PiCK News
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