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