Some industry figures, including the founder of Tianqiao Capital, criticized Trump for launching the meme currency TRUMP

PANews reported on January 19 that according to Crypto.news, some industry insiders criticized Trump for launching the Meme coin TRUMP. Among them, Anthony Scaramucci, founder of Tianqiao Capital, said: "The Trump Meme coin is not good for the industry. Don't kid yourself. . This is Idi Amin (3rd President of Uganda) level of corruption.” Meidas Touch co-founder Ben Meiselas said Trump could have focused on more urgent matters instead of focusing on meme coins.

Earlier news , according to Bloomberg, many institutions believe that Trump’s issuance of Meme currency TRUMP is unethical.