Billionaire investor and television personality Mark Cuban threw a subtle dig at President Donald Trump’s newly launched meme coin on Monday, saying that he too can consider launching a similar project but with a major twist.
What Happened: In a series of tweets, Cuban proposed issuing a meme coin, similar to the Official Trump (TRUMP) token, with a 20% supply open for public trading and following the same unlock schedule.
The difference? All revenue from the sale of these coins would go directly to the U.S. Treasury. For transparency, Cuban proposed making the details of wallet addresses public.
“If you want to gamble, gamble. But at least use it to make a dent in the U.S. debt,” the “Shark” said.
U.S. debt has ballooned past $36 trillion, with interest payments exceeding $892 billion in fiscal year 2024. The gravity of the issue could be gauged by the fact that the U.S. accounts for 34.6% of global debt.