Cuban Floats Meme Coin Plan to Tackle Record US National Debt
Mark Cuban, owner of the Dallas Mavericks and prominent tech figure, proposed launching a meme coin to support paying down the U.S. national debt, which has surpassed $36 trillion. On January 20, 2025, he shared this idea on social media platform X.
The proposal for the new meme coin would follow similar terms as the TRUMP coin, including a 20% float and an equivalent release schedule. However, Cuban emphasized that the entire revenue from this coin's sale would be directed to the U.S. Treasury, with a public wallet address allowing for full transparency.
Cuban has been a vocal advocate for cryptocurrency's potential, focusing on technology like smart contracts over token prices. He criticized existing meme tokens like TRUMP and MELANIA as detrimental to the growth of crypto.