I'd like to point out that about 5.74 billion investors (70% of the worlds population) lost about $1.14 trillion on their entertainment purchases over the last 12 months.
I bring this up because of of the negative publicity California is bringing and laws they're pushing to ban public officials from creating memecoins or anyone from using public officials likeness in producing memecoins.
The question is why are people permitted to invest in other entertainment, ya know like hollywood's movies and tvs hows/streaming content/etc, but when we start talking memecoins it's an 'investment' and has to be regulated or even banned????
I say this as someone who would NEVER buy a memecoin and I don't 'invest' in memecoins. I do however use cryptocurrencies as Bitcoin was intended (not that I am a fan of BTC, it's not privacy friendly, Monero is better):
"The governor's office pointed to reports that about a million investors lost an alleged $3.8 billion on their purchases of the memecoin released by President Donald Trump in 2025 as a the motivation behind the new rule."
Mr Penguin
npub156…8ca4t
2026-09-30 00:37:24 UTC
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npub156e6y0257jhukdhe6pk574kp9um2cevyxpu2pgndrd9099s8vsysv8ca4tSeen on
wss://relay.ditto.pubPublished at
2026-09-30 00:37:24 UTCEvent JSON
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"content": "I'd like to point out that about 5.74 billion investors (70% of the worlds population) lost about $1.14 trillion on their entertainment purchases over the last 12 months. \n\nI bring this up because of of the negative publicity California is bringing and laws they're pushing to ban public officials from creating memecoins or anyone from using public officials likeness in producing memecoins. \n\nThe question is why are people permitted to invest in other entertainment, ya know like hollywood's movies and tvs hows/streaming content/etc, but when we start talking memecoins it's an 'investment' and has to be regulated or even banned????\n\nI say this as someone who would NEVER buy a memecoin and I don't 'invest' in memecoins. I do however use cryptocurrencies as Bitcoin was intended (not that I am a fan of BTC, it's not privacy friendly, Monero is better):\n\n\"The governor's office pointed to reports that about a million investors lost an alleged $3.8 billion on their purchases of the memecoin released by President Donald Trump in 2025 as a the motivation behind the new rule.\"",
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