Quotes
I think in the short term there's a chance this could be a sell the news event,
the Reuters report quoted Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital as saying There’s more to it than pure monetary gain for Trump. It’s a way of showing the world that he’s above the law.”
Finance professor Carol Alexander, of Sussex University, told The Sun We’re making routine movements of our crypto holdings as part of regular treasury management, payment of fees and expenses, and to address working capital requirements,
World Liberty said in a statement While it’s tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora’s box of ethical and regulatory questions,
said Justin D’Anethan, an independent crypto analyst based in Hong Kong The cryptocurrency market gained additional popularity in recent hours due to the launch of the TRUMP and MELANIA cryptocurrencies just before the inauguration,
said Grzegorz Drozdz, market analyst at Conotoxia Ltd, in a statement Meme cryptocurrencies, like these, are prone to large fluctuations and we generally consider them as speculative assets,
Should public figures, especially those with such political clout, wield this kind of sway in speculative markets? That’s a question regulators are unlikely to ignore,
Pending more information on how Trump plans to achieve policy goals, certain investors have focused on the here and now, and that’s a world in which the new president embraces crypto currencies.
There are expectations that crypto will be brought more into the financial mainstream, with clearer rules about how individuals and firms can trade such assets
Susannah Streeter, head of money and markets at broker Hargreaves Lansdown, said Markets will now be looking to see how he goes about implementing his proposed pro-crypto policies.
said Simon Peters, an analyst at trading platform eToro, adding Any delay could trigger a steep sell-off in crypto which is famously volatile.
Kathleen Brooks, a research director at online broker XTB, said Someone will lose money, some lawyer will come up with a theory and file, ... The memecoin launch is, from a purely political perspective, an enormous unforced error."
The fact that a president is doing this brings some sort of legitimacy to the space, and I think just means that the industry is moving ahead in a way it hasn’t for the last 10 years,
said Paul Howard, senior director at crypto market-maker Wincent Anyone globally, even individuals who have been sanctioned by the U.S. or banned from our capital markets, can now trade and profit off of $TRUMP through various unregulated platforms,
U.S. House Financial Services Committee top Democrat Maxine Waters wrote This is a horrible look for the industry already trying to make the case that we’re not a bunch of hucksters, scammers and fraudsters,
the unnamed lobbyist said He’s launching a major, new multibillion-dollar venture in the burgeoning crypto industry, where he has the most profound conflict of interest between [what] he’s seeking to gain and his duties to regulate that industry,
They’re plumbing new depths of idiocy with the meme coin launch,
Engaging with meme coins carries risk and is something you should only attempt armed with research and experience,
Coinbase states on its website The rise of speculative assets such as the TRUMP and MELANIA memecoins diverts liquidity and increases market volatility,
Avinash Shekhar, co-founder and CEO of Indian trading platform Pi42, in comments to NEWS 18 ... said Avinash Shekhar, co-founder and CEO of Pi42 CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards,
according to the $TRUMP website
