Mark Cuban suggests creating a meme coin to donate proceeds to the U.S. Treasury
Billionaire Mark Cuban recently made headlines by joking about creating a meme coin, with the intention of donating the proceeds to the U.S. Treasury. His comments, although possibly sarcastic, reflect the ongoing chaos and risks in the meme coin market, where inexperienced investors often fall victim to scams.
Cuban mentioned that the coin’s revenue would be publicly visible and aimed at reducing national debt while providing a speculative investment opportunity. Cuban said, “If meme coins 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. If you want to gamble, gamble. But at least use it to make a dent in the US Debt You in ?”
While the idea is technically possible since the Treasury accepts private donations, it also highlights Cuban’s frustration with the rapid rise of meme coins. Tokens like TRUMP and MELANIA quickly became billion-dollar assets, overshadowing more established cryptocurrencies.
He criticized the ease of creating meme coins, warning that this trend opens the door to scams. Cuban mockingly suggested that anyone could create their own version of popular tokens using various blockchains.
The meme coin market is increasingly linked to “rug pulls,” where creators suddenly withdraw funds, leaving investors with worthless tokens. Recently, individuals associated with Trump were reportedly involved in such schemes, targeting new crypto investors who are more vulnerable to scams.
Cuban’s comments raise concerns about the crypto industry’s reputation. He has consistently criticized the lack of regulation and transparency in this space. Fake tokens using his name have already appeared online, despite him not planning to launch any coin.
His strong critique indicates he is unlikely to pursue a meme coin project seriously. Cuban believes that the current wave of scams is damaging the credibility of cryptocurrency and undermining its potential for legitimacy.
Currently, the meme coin market remains speculative and risky. Investors are advised to exercise extreme caution, as scams and unregulated projects continue to proliferate.
