Vitalik Buterin Criticizes Politician-Issued Cryptocurrencies as Bribery Tools
- Ethereum founder Vitalik Buterin warns against cryptocurrencies issued by politicians, calling them “perfect bribery vehicles.”
- Buterin argues that holding such coins passively increases the value of a politician’s holdings.
- Politician-issued coins can be used for political bribery with deniability, according to Buterin.
- U.S. President Donald Trump and First Lady Melania Trump launched meme coins TRUMP and MELANIA, attracting billions in investment.
- The TRUMP coin is valued at $33.87, experiencing a daily decline of 9.7%.
Vitalik Buterin highlights the risk of politician-issued cryptocurrencies as tools for bribery due to their ability to increase the issuer’s holdings without direct transactions. This concern arises amid the launch of TRUMP and MELANIA coins by Donald and Melania Trump, which saw substantial investments but also faced criticism and calls for investigation.
Source (2.6)https://decrypt.co/302584/ethereum-creator-vitalik-buterin-politician-issued-coins-perfect-bribery-vehicle?rand=52368
