Donald Trump's launch of the $Trump meme coin has sparked controversy even among crypto enthusiasts. While some, like Coinbase CEO Brian Armstrong, see it as a positive sign for the industry, former White House communications director Anthony Scaramucci warns that it will 'hurt the industry' by exacerbating regulatory challenges. Scaramucci acknowledges that the coin, 80% owned by Trump-tied entities, is a reflection of the former president's personality, but he expresses concerns about its potential to undermine trust in the industry. He highlights the possibility of favors being 'on sale' with the coin, raising ethical and security issues.
Donald Trump 's launch of the $Trump meme coin has sparked outrage even among crypto fans — but Anthony Scaramucci isn't too surprised by the move.'When you vote for Donald Trump , you get the whole thing,' Scaramucci said Tuesday at the World Economic Forum's annual meeting in Davos, Switzerland. The founder and CEO of the crypto-friendly asset manager SkyBridge briefly served as the president's White House communications director in his first term.
'It's the dawn of a new day,' said Brian Armstrong, the CEO of Coinbase, the leading crypto exchange in the US. The Biden administration oversaw a 'very hostile environment' for crypto, he added, where officials 'tried to curtail or kill the industry unlawfully.'Bitcoin, the most popular token, crossed $109,000 for the first time this week.
CRYPTOCURRENCY DONALD TRUMP REGULATION ANTHONY SCARAMUCCI BRIAN ARMSTRONG
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