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Tianqiao Capital founder: Trump's issuance of Meme coins is not good for the industry, don't deceive ourselves anymore.
Some industry insiders have questioned the launch of Meme coin TRUMP by Trump. Anthony Scaramucci, founder of SkyBridge Capital, said: ‘Trump’s Meme coin is detrimental to the industry. Don’t deceive yourself. This is corruption at the level of Idi Amin, the third President of Uganda.’ Meidas Touch co-founder Ben Meiselas said that Trump could have focused on more urgent matters instead of launching a Meme coin. Barstool Sports founder Dave Portnoy also joined the discussion, comparing Trump’s issuance of Meme coin to the Meme coin HAWK ‘pump-and-dump’ plan allegedly involving internet celebrity Haliey Welch.