Simon Dedic, founder of Moonrock Capital, a venture capital firm specializing in cryptocurrency and blockchain, pointed out, "Trump's memecoin is the biggest obstacle to cryptocurrency regulation." He stated on his X (formerly Twitter), "The congressional passage of the cryptocurrency regulatory bill, the Clarity Act, is being delayed due to Trump's memecoin. Democrats are using TRUMP as an issue, demanding the insertion of an ethics clause that could delay or outright scrap the entire bill. 'The crypto-friendly president' is so busy filling his own pockets that he is ruining the legislation the industry needs most. Nevertheless, the cryptocurrency industry does not point out this uncomfortable truth. Instead, they attend dinners for Trump memecoin holders, trying to appease him and flatter him. He emphasized, "Nothing will change as long as no one speaks up."
