Donald and Melania Trump’s entry into Crypto Space with his meme tokens has provoked debate on regulatory strategy.
Zach Burks, CEO and Founder of Mintology, A Blockchain Service Provider, Believes That by Branding Their Tokens as “Memes” Rather Than “Coins,” Coins, “Trump Apple AWS, an approach he described as a ” Masterclass in compliance with meme marketing. ,
Burks wrote to Crypto.NuS in a note, “Instead of using the word ‘coin’, by advertising only as ‘memes’, Trump is trying to avoid classifying his tokens as securities Are. ” “This meme is a masterclass in compliance in marketing and is a clear step for the future from the unavoidable allegations of pump-end-dump plans.”
An unexpected increase in the demand for Trump’s token inspired a quick launch of melania-themes meme tokens, which according to some speculation burkes to spread the investigation around his token of Trump.
Trump’s approach highlights a comprehensive tendency, avoiding the language that is lighting a wide tendency in the relationships developed between bark and regulation.
Trump’s meme affair
The Trump family launched two meme coins, Trump (Trump) and Melania (Melania (Melania) in quick succession, promoting market volatility and backlash.
On 17 January, Donald Trump announced Trump token on Solana (Sol) blockchain via truth social, urging supporters to join his “Trump community”.
Two days later, Melania Trump also introduced her token, Melania on Solana.
The price of Trump touched the sky, reaching the peak of $ 75 with a $ 15 billion market cap. The token increased by $ 6.24 at a time of 840% on 18 January, making it the 18th largest cryptocurrency.
