TRUMP memecoin called major barrier to CLARITY Act

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Olga Shendetskaya

29.04.2026

TRUMP memecoin called major barrier to CLARITY Act — Trump memecoin seen as obstacle to crypto regulation

Simon Dedic, founder of the cryptocurrency-focused venture firm Moonrock Capital, has sharply criticized the Official Trump (TRUMP) memecoin, describing it as the biggest barrier to the passage of the CLARITY Act, a key U.S. cryptocurrency regulation bill. Dedic argued that Democrats are using the controversy surrounding the Trump-linked memecoin to demand additional ethics provisions, potentially delaying or derailing the legislation altogether.

Highlights

Simon Dedic called the Trump memecoin the main obstacle to the CLARITY Act.
Democrats are using the issue to push for stricter ethics rules.
The crypto industry is accused of prioritizing access over regulatory clarity.

Criticism of Trump and industry

Dedic stated that President Donald Trump, despite positioning himself as a crypto supporter, is too focused on personal financial gain. This self-interest, he claimed, is undermining efforts to establish the clear regulatory framework the industry urgently needs.

“Trump's memecoin is the currently the biggest obstacle to crypto regulation right now,” Dedic wrote, accusing the crypto sector of failing to address this uncomfortable reality. Instead of pushing for sensible regulation, many in the industry have attended exclusive dinners for TRUMP token holders and offered flattery to the president, he said.

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Broader implications

The memecoin, launched shortly before Trump’s inauguration, has been highly volatile and faced intense scrutiny. Its existence has complicated bipartisan efforts to pass the CLARITY Act, which aims to create a comprehensive national framework for digital assets.

Dedic’s comments highlight growing tensions between parts of the crypto industry and Washington policymakers, as well as internal divisions over how aggressively the sector should engage with political figures.

Trust becomes the central issue

The controversy underscores how personal financial ventures tied to high-profile political figures can complicate efforts to regulate the cryptocurrency sector.

As the U.S. debates its future crypto policy, such distractions risk delaying much-needed legal clarity for the industry.

In an earlier report, we noted that the new CLARITY Act draft may limit stablecoin yields.

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