Donald Trump Presidency Could Bring “Prolonged Bear Market” For Meme Coins
A Donald Trump victory in the upcoming US presidential election could bring “regulatory sanity” to the crypto market, potentially leading to “a prolonged bear market” for meme coins. That’s according to Columbia Business School finance professor Omid Malekan, who argued in an Oct. 26 post on X that clearer regulations under a Trump-led administration might be bad news for meme coins. “Regulatory sanity in America is bad for meme coins because it refocuses crypto on DApps and other things that actually matter,” Malekan said in an Oct. 26 post on X. Meme Coins Are Just A Reaction To An “Oppressive SEC Regime” Malekan argued that a “Republican sweep” could be followed by a revival of initial coin offerings (ICOs), as well as fully open token airdrops and “other kings of token sanity.” According to the professor, the only reason venture capital-backed meme coins did well was because of the press...