• Cuban has proposed launching a memecoin to fund the U.S. Treasury. 
• The billionaire was less optimistic about the U.S. BTC reserve initially proposed to address U.S. debt concerns. 

The viral and historic on-chain capital creation by the ‘Official Trump memecoin’ has inspired more public figures. Mark Cuban has floated a memecoin idea to tackle the U.S. debt crisis. 

In an X (formerly Twitter) post, Cuban stated that the memecoin would mirror TRUMP but with a different twist. 

“If memecoins are the way, maybe I’ll issue one.  With a twist. Same terms as $TRUMP. 20% float. Same release schedule. One difference. All the revenue from the sale of the coins go to the US Treasury. The wallet address will be published so everyone can track it.” 

Can memecoins solve U.S. debt?

For context, President Donald Trump’s ‘TRUMP’ memecoin hit nearly $16B in market cap just a few hours after launch. 

Per Cuban, such a success could be diverted to fund the U.S. Treasury and reduce the debt burden, which stands at $36 trillion. Some community members supported the idea.

Ansem, a crypto analyst and social media influencer, stated, 

“We will simply undo the $36T in US debt by gambling on memecoins.” 

However, it’s worth pointing out that the TRUMP memecoin launch elicited mixed reactions. For Solana’s leadership, it was a stress test for the chain after it handled such a massive load of speculators. 

But another camp criticized the move, stating that it drained all market liquidity as everyone rushed to bet on TRUMP. The result? Every market segment saw a massive sel

Go to Source to See Full Article
Author: Benjamin Njiri

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details