Now, on the cusp of getting some liberalization of crypto regulations in this country, the main thing people are thinking about crypto is, Oh, it’s just a casino for these meme coins,’ said Nic Carter, a Trump supporter and partner at crypto investment firm Castle Island Ventures, The Associated Press reported Jan. It does the opposite of validating us, it makes it look completely unserious.
Efforts to get people to pay with the Trump token are part of shandong mobile number database an ongoing attempt to encourage crypto users to see the digital coins as an online payment tool, the Bloomberg report said. While some have used dollar-pegged stablecoins for transactions, cryptocurrencies that have a fluctuating value, such as TRUMP, have yet to catch on as a method of payment.
The Trump meme coin has the potential to add billions of dollars to the president’s fortune while setting up a conflict of interest as the White House takes a more pro-crypto approach to digital asset regulation.Nearly half of all corporate donations during the election cycle came from crypto companies, and pro crypto members of Congress and pro crypto senators were elected last year.
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