$TRUMP Meme Coin Scam Rekindles the Debate on the Need to Regulate the Meme Coins Sector.
When will Gary Gensler's “Wild West” come to an end?
The Meme Coins ecosystem has always seemed to evolve in a parallel universe within the cryptocurrency world. A universe where the law is absent and anything goes. Losses run into tens of billions of dollars, and scammed users number in the hundreds of thousands, but regulators seem to prefer to stick their heads in the sand.
The launch of $TRUMP and $MELANIA by Donald Trump a few hours before he took office in the White House reinforced this sentiment and gave some people the feeling that anything is now possible. The President of the Central African Republic even launched $CAR, his country's Meme Coin ... We're walking on our heads!
The $TRUMP token has lost more than $2 billion in just a few weeks, leaving investors blinded by their greed and fanaticism for Donald Trump bewildered. The question of genuine regulation of these Scam Coins arises more than ever.
Will Quantum Computing Make Satoshi Nakamoto’s Bitcoins Accessible Again?
Paolo Ardoino, CEO of Tether, makes the prediction.
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