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Mark Cuban Says He Will Soon Launch a Trump-Style Memecoin to Pay US Debt

January 21, 2025
in Australian Crypto News
Reading Time: 3min read
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Mark Cuban Says He Will Soon Launch a Trump-Style Memecoin to Pay US Debt
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  • Mark Cuban plans a memecoin with a 20% float and TRUMP-like terms, pledging all revenue to the US Treasury and ensuring transparency with a public wallet address.
  • This comes the same day as Cuban criticised the crypto community’s reaction to TRUMP, stating such tokens offer little value and harm the industry’s chance at legitimacy.

The year is 2025, and we have politicians, billionaires, and everyone launching memecoins left and right. It’s the jungle out there, so brace yourself.

Following TRUMP’s wild success in the market, Mark Cuban wants to join the game and said he’ll launch a memecoin that can help reduce the national debt.

Related: Trump’s World Liberty Financial Buys ETH, Can it Push Price Higher?

In a post on X, Cuban said his proposal includes a 20% float and a release schedule identical to the TRUMP coin:

If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as $TRUMP. 20% float. Same release schedule. One difference: All the revenue from the sale of the coins goes to the U.S. Treasury

Mark Cuban

Cuban even committed to staying transparent about the project, stating he would publish the Treasury’s wallet address for public tracking, reassuring participants that no “pump and dump” schemes are on the way and complete transparency in the project’s operations.

“Hello Scam – Goodbye Hope”

This comes on the same day when he criticised the crypto community’s reaction to the TRUMP token, arguing that such tokens offer little to no value and stressing the importance of adhering to regulatory rules, no matter what.

Cuban remarked that the industry had lost the opportunity to legitimise itself:

Hello every scam targeted at everyone and anyone who has no clue about crypto. Good bye whatever hope the crypto industry had of legitimizing itself 

Mark Cuban

Related: Solana Trumps Previous All-Time High, Falls Just Short of US $300 Milestone

He criticised the team’s approach for bypassing the traditional Initial Public Offering (IPO) process because it removes investor protections and lacks clarity. He said:

Rather than modifying the IPO process to accept crypto and give investors some understanding of what they are buying, any registration requirements just flew out the window.

Mark Cuban

Credit: Source link

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