Trump's Memecoin Draws Criticism

The transcript discusses the negative reaction from the crypto industry to Trump's launch of his own coin, likening it to a conflict of interest. It explores potential crypto policies under Trump's administration, including deregulation and support for Bitcoin. The transcript also covers the SEC's lawsuits against major crypto companies and the incoming administration's intention to drop many of these cases, which could significantly impact the crypto industry in the US.

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

• They were supportive and excited.

• They were indifferent to the news.

• They reacted negatively, feeling betrayed.

• They were confused about the launch.

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.

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.

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.

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.