Creator of Ethereum Vitalik Buterin believes that political meme tokens pose a threat to society by opening up unlimited opportunities for bribery.
It is time to say that large-scale projects related to political coins cross a certain line. They serve not only as sources of fun, behind which are mistakes of voluntary participants [who bought the coins], but also as means of unlimited bribery of politicians, including by foreign countries, — wrote Vitalik.
Vitalik Buterin
Buterin rightly believes that meme tokens give officials the opportunity to safely receive bribes, because cryptocurrency can be used to covertly bribe anyone. Accordingly, instead of handing over money to someone in an envelope, people will buy coins issued by corrupt officials, thus not falling into the sight of law enforcement agencies.
Obviously, the highest risk comes from the Official Trump (TRUMP) meme tokens created by US President Donald Trump. Just a couple of days after its release, this digital asset went up in price 400 times and reached a capitalization of $70 billion. Donald holds 80% of the created coins, respectively, even taking into account the fall of the TRUMP rate to $34, he owns digital assets worth an impressive $27,2 billion, which is almost five times greater than Trump’s capital, assessed Forbes estimated its net worth at $5,6 billion as of November 4, 2024.
Official Trump release could have legal consequences for Trump. Against US President threaten file a lawsuit, accusing him of accepting emoluments from foreign countries, which is prohibited by the American Constitution. In 2017, Donald was caught in similar violations, but the Supreme Court sided with the politician and dismissed the lawsuit.