The proprietor of the Dallas Mavericks basketball workforce, Mark Cuban, has spoken about launching a meme coin just like $TRUMP. Nonetheless, Cuban says all proceeds would go towards paying off the US nationwide debt, which at present stands at over $36 trillion.
The tech billionaire posted on X on 20 January 2025 about his meme coin concept as a solution to gamble but additionally to “make a dent within the US debt.” The star of the enterprise actuality TV present, Shark Tank, mentioned the TRUMP and MELANIA tokens had been dangerous to the crypto business.
If meme cash are the best way, possibly I’ll subject one. With a twist. Identical phrases as $TRUMP . 20% float. Identical launch schedule. One distinction.
All of the income from the sale of the cash go to the US Treasury. The pockets deal with shall be printed so everybody can observe it.
If…
— Mark Cuban (@mcuban) January 20, 2025
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Tech-Tycoon Flirts With The Thought Of Creating A Meme Coin To Chip Away At The US $36 Trillion Debt
He went on to say that if he had been to launch a meme coin, the proceeds would go towards serving to repay the ever-growing nationwide debt.
“If meme cash are the best way, possibly I’ll subject one,” Cuban mentioned on X this week. He went on to say that his concept would have the identical phrases and launch schedule as Trump’s coin however with one vital distinction.
“All of the income from the sale of the cash go to the US Treasury,” he posted. “If you wish to gamble, gamble. However not less than use it to make a dent within the US Debt.”
It’s unclear whether or not Cuban is critical about creating his personal digital asset. After his tirade of posting on social media, Cuban replied to at least one X person’s remark with “After all I received’t,” with reference to launching a meme coin.
The tech tycoon has lengthy championed crypto as a disruptive know-how, highlighting a have to concentrate on the tech similar to sensible contracts fairly than token costs.
Cuban Primarily Referred to as The President’s TRUMP Coin A “Grift”
Mark Cuban is a Shark Tank investor and a minority proprietor of the Dallas Mavericks basketball workforce. He earned his fortune by promoting his Broadcast.com startup to Yahoo through the dot-com bubble.
Through the Presidential marketing campaign, Cuban was a vocal supporter of Kamala Harris whereas being a fierce critic of Trump, with the 2 usually buying and selling jibes with each other.
Cuban posted on X that the TRUMP and MELANIA meme cash are harming the cryptocurrency business.
“If you’d like crypto to develop and set up worth and utility that actually advantages the issuer and the customer, then the very last thing you wish to see is shit cash being issued by FLOTUS and POTUS,” the billionaire mentioned.
In a reply to a touch upon his meme coin publish, Cuban took a shot on the TRUMP token, primarily calling it a grift. “Everybody advantages from decrease debt,” he mentioned to at least one commenter, earlier than saying to a different, “If it’s a grift. Make it a grift to profit all People.”
Prior to now twenty years, the US nationwide debt has practically tripled to a file $36 trillion. In a post-COVID world, tnterest charges have additionally surged, resulting in a significant rise within the federal authorities’s annual curiosity funds to above $1 trillion.
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pic.twitter.com/tyWtFk7ZoI
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