Vitalik Buterin warns against political memecoins like TRUMP – 

Vitalik Buterin criticized the TRUMP memecoin, cautioning against politician-backed cryptocurrencies promoting covert bribery and political influence. His warning sparked debate and a 14% price drop in the coin within 24 hours. Buterin highlighted risks to democracy and transparency, suggesting such coins blur the lines between finance and politics. He emphasized politicians should avoid this path, as it poses threats to democratic principles. Some critics argue his stance may be influenced by factors beyond safeguarding democracy, speculating on potential jealousy towards Solana's success with meme coins. Buterin's past warnings against voting solely based on pro-crypto positions show his concern for oversimplifications in politics, stressing the need to consider broader implications for governance and democracy.