Bubble or trend? The proliferation of Meme coins is shaking the legal foundation of cryptocurrency! ! !
Amid waves in the crypto market, Ripple amicus John Deaton has issued a strong warning about the meme coin. He believes that such tokens may not only threaten the public relations image of cryptocurrencies, but may also damage the long-term legitimacy of the industry. In a recent appearance on the Good Morning Cryptocurrency Show, he emphasized, “We are not only fighting for the survival of cryptocurrencies, but also for legitimacy. If the crypto space is reduced to ‘casino-style gambling’ in the public eye, it will It's a disaster."
This view may be controversial, but it is also worth pondering. Deaton advocates intelligent regulation rather than unruly free-for-all in order to protect the interests of users and enhance the credibility of the industry. However, in the gray area of regulation, is it really impossible for meme coins to find their own reasonable position? At the same time, the price of XRP surged 44% in 30 days, which may indicate the market’s confidence in compliant mainstream tokens.
Deaton’s views are undoubtedly a wake-up call for the industry, but will this be the end of meme coins?
#xrp #DOGE #PEPE #SHIB #How will the market go after Trump takes office? $XRP $DOGE $PEPE
