Trump's meme coin is biggest hurdle to crypto regulation, says Moonrock Capital founder

Simon Dedic, founder of crypto and blockchain venture capital firm Moonrock Capital, has argued that President Donald Trump's meme coin is the biggest obstacle to establishing a clear regulatory framework for cryptocurrencies. In a post on X, Dedic claimed that the TRUMP meme coin is delaying the passage of the Clarity Act through Congress. He explained that Democrats are leveraging the issue to demand the insertion of ethics clauses, which could stall or kill the bill entirely. Dedic accused the crypto-friendly president of being too focused on lining his own pockets, thereby ruining the very legislation the industry most needs. He also criticized the crypto industry for failing to address this inconvenient truth, noting that its members are instead attending dinners for TRUMP coin holders and flattering the president. Dedic emphasized that nothing will change as long as no one speaks out.