15 Feb 2025

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Mark Cuban Proposes Memecoin to Address U.S. National Debt

Mark Cuban Proposes Memecoin to Address U.S. National Debt

Billionaire entrepreneur and Cost Plus Drugs co-founder Mark Cuban has floated a bold idea: launching a dedicated memecoin to help reduce America’s national debt.

On January 21, 2025, Mark Cuban proposed the creation of a token inspired by President Donald Trump’s official coin, but with a significant twist: all proceeds would go directly to the U.S. Treasury to pay down the national debt.

Cuban outlined that the token’s structure should mimic the TRUMP token, with only 20% of coins in circulation and the total supply unchanged. He also emphasized the importance of transparency, advocating for the Treasury’s wallet address to be made public to track all transactions. 

“If you want to gamble, gamble.  But at least use it to make a dent in the US Debt,” Cuban explained.

https://twitter.com/mcuban/status/1881445569727758392

It’s unclear how serious Mark Cuban’s proposal is, as it might simply be another instance of the trolling he’s adopted toward cryptocurrencies following his $870,000 loss in a crypto scam.

While Cuban identifies as a Bitcoin maximalist, he has frequently argued that most crypto projects are doomed to fail due to flawed business models and limited real-world utility. In this, Mark aligns closely with Warren Buffett, whom he admires for his staunch criticism of “easy money” systems like cryptocurrencies. Cuban’s skepticism toward the hype surrounding the Trump family’s memecoins is, therefore, unsurprising.

As of January 1, 2025, the U.S. national debt stands at nearly $36 trillion, according to the U.S. Treasury. Cuban’s idea of launching a memecoin to reduce the debt, while extreme, underscores the sheer scale of the problem. Even if such a token matched the success of TRUMP or MELANIA, its impact on the national debt would be negligible—reducing it by only 0.03%.

Moreover, given the inherent volatility of memecoins and their tendency to lose value after a brief hype cycle, the actual contribution to debt reduction would likely be even smaller.

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