{"id":36954,"date":"2025-02-20T15:00:15","date_gmt":"2025-02-20T12:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36954"},"modified":"2025-02-20T13:38:22","modified_gmt":"2025-02-20T10:38:22","slug":"mark-cuban-shelves-his-meme-coin-plans","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mark-cuban-shelves-his-meme-coin-plans\/","title":{"rendered":"Mark Cuban Shelves His Meme Coin Plans"},"content":{"rendered":"<p><strong>Billionaire Mark Cuban<\/strong>, who had considered launching his own token, stepped back after the chaos in the <a href=\"https:\/\/coinengineer.net\/blog\/2024s-most-popular-blockchain-innovations-desci-ai-meme-coins-and-telegram-bots\/\"><strong>meme coin<\/strong><\/a> sector.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/mark-cuban-shelves-his-meme-coin-plans\/#Mark_Cuban_%E2%80%9CA_Lot_Has_to_Change%E2%80%9D\" title=\"Mark Cuban: &#8220;A Lot Has to Change&#8221;\">Mark Cuban: &#8220;A Lot Has to Change&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/mark-cuban-shelves-his-meme-coin-plans\/#Cuban_%E2%80%9CSelf-Serving_Nonsense_and_Pure_Speculation%E2%80%9D\" title=\"Cuban: &#8220;Self-Serving Nonsense and Pure Speculation&#8221;\">Cuban: &#8220;Self-Serving Nonsense and Pure Speculation&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"33\"><span class=\"ez-toc-section\" id=\"Mark_Cuban_%E2%80%9CA_Lot_Has_to_Change%E2%80%9D\"><\/span>Mark Cuban: &#8220;A Lot Has to Change&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"35\" data-end=\"171\"><strong>Billionaire Mark Cuban,<\/strong> who had previously considered launching his own token, has stepped back after the chaos in the<strong> meme coin sector.<\/strong><\/p>\n<p data-start=\"173\" data-end=\"328\"><strong>Cuban<\/strong>, who had openly expressed his intention to launch a meme token in recent weeks, stated in an interview with Decrypt that he no longer has such plans.<\/p>\n<p data-start=\"330\" data-end=\"553\">\u201cA lot has to change in terms of transparency, and more importantly, fairness,\u201d Cuban said, expressing his discomfort with the current state of the meme coin world. \u201cI don\u2019t want to be involved in a game of musical chairs.\u201d<\/p>\n<p data-start=\"555\" data-end=\"962\">Over the weekend, <strong>Argentine President Javier Milei<\/strong> found himself at the center of a scandal after endorsing and promoting a meme coin called Libra, which was allegedly developed to \u201cencourage the growth of the Argentine economy by funding small Argentine businesses and startups.\u201d The Libra token quickly soared to a $4.5 billion market cap, only to crash shortly after as the project team pulled the funds.<\/p>\n<p data-start=\"964\" data-end=\"1135\"><strong>Milei&#8217;s<\/strong> so-called<strong> meme coin<\/strong> advisor, <strong>Hayden Davis,<\/strong> admitted in multiple interviews that he pulled $100 million from the project and did not know what to do with the funds.<\/p>\n<p data-start=\"1137\" data-end=\"1253\">The scandal, dubbed \u201c<strong>Cryptogate<\/strong>\u201d in Argentina, has led to fraud charges against Milei and calls for his impeachment.<\/p>\n<p data-start=\"1255\" data-end=\"1413\">Before the<strong> Libra controversy, Cuban<\/strong> had shown cautious optimism about meme coins despite their bad reputation, believing they could serve as a force for good.<\/p>\n<p data-start=\"1255\" data-end=\"1413\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-148886 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/libra.jpg\" alt=\"libra\" width=\"1140\" height=\"641\" \/><\/p>\n<h2 data-start=\"1415\" data-end=\"1466\"><span class=\"ez-toc-section\" id=\"Cuban_%E2%80%9CSelf-Serving_Nonsense_and_Pure_Speculation%E2%80%9D\"><\/span>Cuban: &#8220;Self-Serving Nonsense and Pure Speculation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1468\" data-end=\"1704\">When former<strong> U.S. President Donald Trump<\/strong> launched his own TRUMP token, Cuban called the move \u201cself-serving nonsense\u201d and \u201cpure speculation.\u201d However, following this, Cuban proposed launching a similar token, but with a different purpose.<\/p>\n<p data-start=\"1706\" data-end=\"1904\">Cuban\u2019s proposed token would feature the same tokenomics and release schedule as Trump\u2019s token. However, the difference was that all revenue generated from the project would go to the U.S. Treasury.<\/p>\n<blockquote>\n<p data-start=\"1906\" data-end=\"2005\">\u201cIf you want to gamble, gamble,\u201d Cuban said, \u201cbut at least use it to make a dent in the U.S. debt.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"2007\" data-end=\"2142\"><strong>While Cuban<\/strong> is known for his bold and provocative statements, there were signs that he was seriously considering launching a meme coin.<\/p>\n<p data-start=\"2144\" data-end=\"2369\">One week after suggesting the token, the <strong>Dallas Mavericks owner reposted a clip from Barstool Sports founder Dave Portnoy,<\/strong> who asked, \u201cIs there a way to make a ton of money from my own meme coin without screwing people over?\u201d<\/p>\n<p data-start=\"2371\" data-end=\"2638\">However, in the crypto world, everything can change in just a few weeks. Cuban has stated that he will not launch his token unless significant consumer protections are introduced within the meme coin sector. Yet, the likelihood of these changes happening remains low.<\/p>\n<p data-start=\"2640\" data-end=\"2852\" data-is-last-node=\"\" data-is-only-node=\"\">Weeks after Trump launched his own meme token, the acting chair of the <strong>U.S. Securities and Exchange Commission (SEC)<\/strong>, Hester Peirce, stated that most meme coins likely wouldn\u2019t fall under the regulator\u2019s purview.<\/p>\n<hr \/>\n<p data-start=\"2640\" data-end=\"2852\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our <a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mark Cuban, who had considered launching his own token, stepped back after the chaos in the meme coin sector. Mark Cuban: &#8220;A Lot Has to Change&#8221; Billionaire Mark Cuban, who had previously considered launching his own token, has stepped back after the chaos in the meme coin sector. Cuban, who had openly expressed his<\/p>\n","protected":false},"author":29,"featured_media":36955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11962,11963,6032,2191,11639],"class_list":["post-36954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-argentine-president-javier-milei","tag-cryptogate","tag-mark-cuban","tag-meme-coin","tag-u-s-president-donald-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mark Cuban Shelves His Meme Coin Plans - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/mark-cuban-shelves-his-meme-coin-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mark Cuban Shelves His Meme Coin Plans - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Billionaire Mark Cuban, who had considered launching his own token, stepped back after the chaos in the meme coin sector. 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