#Musk to launch meme coin#

Billionaire Mark Cuban recently said he is considering launching a cryptocurrency called a "meme coin." He plans to donate all proceeds from the coin's sale to the U.S. Treasury to help reduce the country's debt. Cuban said the coin will adopt the same issuance terms as the TRUMP meme coin, including a 20% circulating supply and the same release schedule. However, Cuban will publicly disclose the wallet address to ensure transparency, allowing the public to track the flow of funds in real time. Cuban's move has drawn widespread attention, with some seeing it as a novel fundraising method to help the U.S. government address its fiscal problems. However, others have questioned its feasibility, arguing that the value of meme coins is difficult to predict and may present regulatory risks. Currently, Cuban has not released specific details of the plan, including the release date and coin name.