The CEO of Japanese bitcoin company Diamond Hands, Koji Higashi, criticized the new meme coin called TrumpCoin, launched by former President Trump, saying it epitomizes the negative aspects of the cryptocurrency industry. Higashi's own company is also facing issues, recently announcing a shift away from the Lightning Network community node. He expressed despair and lamented the political capture of the crypto industry, which was originally supposed to promote the separation of money and state. Despite Trump's claims that the coin has nothing to do with politics, the website for the coin states that it is premined and owned by Trump-affiliated organizations. Higashi mentioned that some former bitcoin supporters are turning away due to this meme coin, as it represents a polar opposite to the principles they originally embraced with bitcoin.



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