Founder of Bridgewater Capital: Trump's issuance of Meme coins is detrimental to the industry, stop deceiving yourself

ChainCatcher news, according to crypto.news, some industry insiders have expressed doubts about Trump's launch of the Meme coin TRUMP, including:

Anthony Scaramucci, founder of SkyBridge Capital, stated: "Trump's Meme coin is detrimental to the industry. Let's not kid ourselves. This is corruption on the level of Idi Amin (the 3rd President of Uganda)."

Ben Meiselas, co-founder of Meidas Touch, mentioned that Trump could have focused on more urgent matters instead of launching a Meme coin.

Dave Portnoy, founder of Barstool Sports, also joined the discussion, comparing Trump's issuance of the Meme coin to the alleged "pump-and-dump" scheme of the influencer Haliey Welch with the Meme coin HAWK.