As is known, US President Donald Trump launched his own altcoin just a few days before officially taking office.
Official Trump (TRUMP), which rose to over $60 after its release, has been the target of criticism ever since.
At this point, a criticism also came from the founder of Moonrock Capital. According to Simon Dedic, the founder of Moonrock Capital, the memecoin named Trump is the biggest obstacle to cryptocurrency regulation.
Simon Dedic, founder of cryptocurrency and blockchain venture capital firm Moonrock Capital, argued that President Donald Trump’s memecoin is the biggest obstacle to creating a clear regulatory framework for cryptocurrencies.
In a post published from his X account, Dedic claimed that the TRUMP meme coin delayed the passage of the Clarity Act by Congress.
Dedic stated that Democrats are using the Trump memecoin issue to demand the addition of ethical clauses, which could lead to the law being completely halted or repealed.
The well-known figure also claims that the president, who portrays himself as crypto-friendly, is too focused on lining his own pockets, thus ruining the legislation the industry needs most.
He also criticized the crypto sector for failing to address this uncomfortable reality.
Dedic pointed out that instead of distancing themselves, members of the cryptocurrency sector attended dinners organized for Trump coin holders and flattered the president. At this point, Dedic emphasized that nothing would change unless someone spoke up.
*This is not investment advice.