How did the crypto industry react to Trump's launch of his own coin?
Trump's Memecoin Draws Criticism

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They were supportive and excited.
They were indifferent to the news.
They reacted negatively, feeling betrayed.
They were confused about the launch.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main promises Trump made regarding his crypto policy?
To ignore the crypto industry.
To support the growth of Bitcoin.
To heavily regulate the crypto market.
To ban all cryptocurrencies.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market's expectation regarding Trump's actions on crypto?
That he will ban all crypto trading.
That he will take no action.
That he will deregulate and support crypto growth.
That he will increase taxes on crypto.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the SEC's stance under Gary Gensler towards major crypto companies?
They provided tax incentives.
They ignored their activities.
They filed lawsuits against them.
They supported their growth.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What change is the incoming administration expected to make regarding SEC lawsuits?
To file new lawsuits against more companies.
To maintain the current lawsuits.
To drop many of the existing lawsuits.
To increase the number of lawsuits.
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