Attorney John Deaton expresses concerns about the launch of the Trump meme coin, stating that while it may attract attention and investors, it could harm the reputation of the broader crypto industry. Deaton believes that meme coins could contribute to the perception of crypto as a speculative market rather than a legitimate technology. He warns that if meme coins dominate the conversation, it could overshadow the potential of blockchain to solve real-world problems. Deaton stresses the importance of fighting for legitimacy and pushing for blockchain technology that can truly benefit society. He hopes that new leadership will bring a more balanced approach to crypto regulation.



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