According to finance professor Omid Malekan, a Donald Trump presidency would negatively affect memecoins, which are seen as a form of economic populism. Malekan believes that regulatory stability in the US would shift focus away from memecoins towards more substantial crypto projects, leading to a bear market. Memecoins currently hold a market capitalization of $61 billion. Some experts, like Nic Carter, agree with Malekan's assessment, attributing memecoin popularity to opposition against strict SEC regulations. However, others, such as Murad Mahmudov and Jordan Fish, argue that memecoin buyers are more interested in potential price increases rather than political factors. Despite Trump's pro-crypto promises, opinions are divided on whether his presidency would benefit the crypto industry. A recent poll by Coinbase shows that crypto owners in swing states are split between supporting Trump and Democratic nominee Kamala Harris in the upcoming elections. Read more AI-generated news on: https://app.chaingpt.org/news