Why This Lawyer Thinks TRUMP Memecoin is the Next Big Thing (Spoiler: It’s Not!)

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  • Deaton supports TRUMP token listings on Coinbase and Kraken. Because why not? 🤷‍♀️
  • Suggests allocating token revenues to disaster relief and charities. Because saving the world is just a side gig! 🌍

So, here we are again, folks! The TRUMP memecoin is back in the news, and it’s like watching a reality show that just won’t get canceled. This time, it’s got the backing of a crypto lawyer named John Deaton, who apparently thinks this is a good idea.

Deaton, who is basically the crypto world’s version of a motivational speaker, took to X (formerly Twitter, because rebranding is everything) to say that if he were a lawyer for any exchange, he’d be all in on the TRUMP token. He’s convinced that the SEC would have a tough time trying to take down Coinbase and Kraken for selling a coin that has the former President’s name on it. I mean, who wouldn’t want to be associated with a meme that’s as stable as a house of cards in a windstorm? 🃏

John Deaton Backs TRUMP Token, Urges Profits for Charity (Because Why Not?)

Now, let’s talk about Deaton’s big idea: using the profits from the TRUMP token to help disaster victims. Because nothing says “I care” like a memecoin that’s probably going to crash harder than my New Year’s resolutions. 🎉

He thinks this could be Trump’s chance to show he’s got a heart, or at least a pulse. Deaton believes that while the memecoin might make Trump’s net worth look like it’s on steroids, the actual cash could be used for something that doesn’t involve a gold-plated toilet. 💩

And this isn’t Deaton’s first rodeo. Right after the TRUMP memecoin launched, he was out there like a contestant on The Bachelor, begging Trump to use the profits for good. Because if you’re going to make a meme, you might as well make it a charitable one, right?

The launch of the TRUMP and MELANIA memecoins has been met with reactions that range from “What the heck?” to “Are you kidding me?” Most industry leaders are shaking their heads, fearing that this is just a recipe for pump-and-dump schemes that would make even the most seasoned con artist blush. 😳

Deaton’s support for these listings and his charity pitch is like trying to put a positive spin on a bad haircut. He’s hoping the memecoin can be more than just a speculative dumpster fire. But let’s be real—the future of the TRUMP and MELANIA tokens is as clear as mud, with skepticism swirling around like a tornado in a trailer park.

As Trump’s memecoin ignites outrage and debate, lawmakers are probably feeling the heat to step up their game in the crypto market. Experts are saying regulations need to evolve faster than my grandma’s knitting skills. They’re stressing the importance of balancing innovation with investor protection, which sounds great, but let’s be honest—this is crypto. It’s like trying to herd cats on roller skates. 🐱‍👤

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2025-01-23 09:08