Donald Trump

Gary

Dolan Duck

A Donald Trump victory in the upcoming US presidential election could bring “regulatory sanity” to the crypto market, potentially leading to “a prolonged bear market” for meme coins.
That’s according to Columbia Business School finance professor Omid Malekan, who argued in an Oct. 26 post on X that clearer regulations under a Trump-led administration might be bad news for meme coins.
“Regulatory sanity in America is bad for meme coins because it refocuses crypto on DApps and other things that actually matter,” Malekan said in an Oct. 26 <a href="https://x.com/malekanoms/status/1850516084182733063" rel="noopener noreferrer nofollow">post</a>&nbsp;on X.
<img decoding="async" src="https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/06/meme-coins-pepe-shib-doge-floki-gID_7.jpg@webp" alt="Meme Coins Surge Alongside Other Risk Assets Following Trump Shooting - Decrypt">
<h2 id="span-style-font-weight-400-meme-coins-are-just-a-reaction-to-an-oppressive-sec-regime-span">Meme Coins Are Just A Reaction To An “Oppressive SEC Regime”</h2>
Malekan argued that a “Republican sweep” could be followed by a revival of initial coin offerings (ICOs), as well as fully open token airdrops and “other kings of token sanity.”&nbsp;
According to the professor, the only reason venture capital-backed <a href="https://insidebitcoins.com/news/meme-coin-market-goes-ballistic-with-21-pump-as-meme-coin-supercycle-debate-intensifies" rel="noopener noreferrer nofollow">meme coins</a> did well was because of the pressure the crypto space faced from Senator Elizabeth Warren and US Securities and Exchange Commission (SEC) Chair Gary Gensler.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 – Memecoins = in large part reaction to oppressive SEC regime – if SEC finds sanity, less desire / need to trade memecoins
 QED, trumpwin bearish memecoins <a href="https://t.co/l3CmArstsh" rel="noopener noreferrer nofollow">https://t.co/l3CmArstsh</a>
 — nic carter (@nic__carter) <a href="https://twitter.com/nic__carter/status/1850530740217196766?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2024</a>
</blockquote>
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Nic Carter, a partner at Castle Island Ventures, echoed Malekan’s remarks in an Oct. 27 post on X, when he said that the dominant performance by meme coins is in large part a reaction to the “oppressive SEC regime.” 
He then added that if the “SEC finds sanity,” it could lead to a decreased desire/need to trade meme coins.
 Donald Trump has said that if he becomes president, he will fire Securities and Exchange Commission chair Gary Gensler, widely seen as hostile to crypto, on day one.
<h2 id="murad-mahmudov-says-meme-coin-investors-not-interested-in-politics">Murad Mahmudov Says Meme Coin Investors Not Interested In Politics</h2>
Still, meme coin influencer Murad Mahmudov, the man behind the meme coin supercycle thesis, responded on X by saying ”99% of memecoin buyers couldn’t care less about Politics.”
“The rise of Memecoins has more do to with the persistently rising Global Money Supply,” he said. “Will that stop under Trump? Nope.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 99% of Memecoin buyers couldn’t care less about Politics
 There are secular socio-economic forces at play that are much bigger than a single election
 The rise of Memecoins has more do to with the persistently rising Global Money Supply.
 Will that stop under Trump? Nope.…
 — Murad 💹🧲 (@MustStopMurad) <a href="https://twitter.com/MustStopMurad/status/1850565401119166673?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2024</a>
</blockquote>
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<h2 id="span-style-font-weight-400-meme-coins-plunge-15-span">Meme Coins Plunge 15%</h2>
Over the past 24 hours, the meme coin <a href="https://www.coingecko.com/en/categories/meme-token" rel="noopener noreferrer nofollow">market cap</a> took a hammering, with the sector’s market cap plummeting over 15%. 
The top 3 losers were Dolan Duck (DOLAN), PepeFork (PORK) and MOO DENG (<a href="https://insidebitcoins.com/news/moodeng-soars-144-as-flockerz-rockets-past-1m-in-presale-funding-offers-a-new-way-to-earn-crypto" rel="noopener noreferrer nofollow">MOODENG</a>). DOLAN shed 14% of its value in the last 24 hours, while PORK and MOODENG saw their prices drop 12% and 11%, respectively.
While tokens on the open market suffer 24-hour losses, presale tokens like <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, <a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars (STARS)</a> and <a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">FreeDum Fighters (DUM)</a> are all gaining steam.
PEPU’s ongoing ICO has turned parabolic and is racing towards the $23 million milestone. Meanwhile, STARS has managed to raise over $2.81 million at this early stage, while investors are rushing to buy DUM for its 1,382% annual staking yield.&nbsp;
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Donald Trump Presidency Could Bring “Prolonged Bear Market” For Meme Coins

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