Popular US billionaire, Mark Cuban suggested the creation of a meme coin to support the servicing of the US national debt. The co-founder of Cost Plus Drugs made the suggestion on Monday via a post on his X page.
In the post, Cuban hinted that he could create a token similar to $TRUMP official, a meme coin recently released by President Donald Trump. He referenced the success of the meme coin, indicating that such tokens could help the US government.
Furthermore, the billionaire said the meme coin would have the same structure and release campaign as the $TRUMP token. However, Mark Cuban stated that the proceeds would be commissioned to pay the US national debt.
He further emphasized on the transparency of the project promising that the wallet address would be posted widely for people to access. Lastly, Cuban called on meme coin enthusiasts to at least gamble on the token to reduce the national debt.
How Trump’s Emergence Has Spiked Interest in Digital Assets in the US
Like Mark Cuban, popular Bitcoin evangelist and co-founder of MicroStrategy, Michael Saylor also proposed the idea of using digital assets to neutralize the US national debt. He opined that a strategic reserve will help strengthen the US dollar and position the US as a global leader in the 21st-century digital economy.
The emergence of Donald Trump sparked new hope for the cryptocurrency market, considering the recent enthusiasm of the new president. During his first administration, Trump didn’t show support for the cryptocurrency sector, laying the foundation for the anti-crypto approach of the US government in the past few years.
However, during the campaign for his return to the white house, Trump embraced the digital asset sector and even promised to set up a Bitcoin reserve. Notably, the frenzy of Trump’s inauguration pushed BTC to a new all-time high of $108,786 before a price correction that pushed its price to $102,933.
Also, a few days before his inauguration, Trump, on January 18 revealed his official meme coin; $TRUMP via a post on Truth Socials. The launching of the token underlines how the new president has taken a U-turn relating to his approach to digital assets.
This sudden change of approach saw Trump have official non-fungible token (NFT) projects and most recently a meme coin.