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Trump’s memecoin ‘distracts from the greater good,’ draws criticism from crypto insiders and Washington leaders

Trump’s newly launched memecoin has faced backlash from crypto experts for diverting attention from responsible industry practices. With promises of high returns, memecoins are noted for their volatility, prompting concerns about protecting ordinary investors from exploitation.

In the wake of Trump’s inauguration, there’s expectation of a more crypto-friendly environment in Washington. Calls for banning public officials from owning memecoins highlight the need for regulation amid speculation in this volatile market.

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