Opinion: Trump's presidency might have a "bearish" impact on Memecoin

Omid Malekan, a part-time professor at Columbia University Business School, said in an X post on October 26: "Trump's election as president will be 'bearish for Memecoin', because they are a form of 'economic populism and protest against unfairness'." Malekan added: "The U.S. regulatory wisdom is unfavorable to Memecoins because it refocuses the importance of cryptocurrencies on DApps and other truly important things, leading to a long-term bear market where most people lose money on Memecoins. After tokens supported by venture capital were 'forced' into the cryptocurrency field due to pressure from Senator Elizabeth Warren and SEC Chairman Gary Gensler, the 'Republican sweep' will bring back initial token offerings, completely open token air drops and the return of 'other kings of token wisdom'."