'Plumbing new depths of idiocy': Tech industry responds to 'preposterous' Trump crypto launch

20 January

On Sunday, January 19 — the day before Donald Trump was sworn in for a second term as president — the Associated Press (AP) reported that Trump "launched a new cryptocurrency token that is soaring in value, potentially boosting his net worth."

But on Inauguration Day, tech researcher and software engineer Molly White stressed that it's important to keep things in perspective and see what tech experts have to say about Trump memecoins.

White tweeted, "I’m not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches."

White, to make her point, pointed to some tech professionals who have been tweeting about Trump and memecoins.

Nic Carter, founding partner at the crypto investment firm Castle Island Ventures and a self-described "avowed and explicit" Trump supporter, told Politico, "It’s absolutely preposterous that he would do this. They’re plumbing new depths of idiocy.'"

Ryan Selkis tweeted, "Dear @realDonaldTrump, Please fire whoever recommended going forward with the Melania launch today."

Gafoor Kahan tweeted, "The fact that the US president is launching memecoins just shows how far crypto has come I’ve been in crypto for 7 years and have never seen something like this We started off as a small group of tech geeks and internet coins Now we’re taking over the world Crazy times."

When an X user accused White of "flailing" and promoting "the war on crypto," she responded, " you’re just determined to look dumb as hell, huh."

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