PANews reported on January 19 that according to Crypto.news, some industry insiders criticized Trump for launching the meme coin TRUMP. Anthony Scaramucci, founder of Skybridge Capital, said: "Trump's meme coin is bad for the industry. Don't fool yourself. This is Idi Amin (3rd President of Uganda) level corruption." Meidas Touch co-founder Ben Meiselas said that Trump could have focused on more urgent matters instead of paying attention to meme coins.

Earlier news , according to Bloomberg, many institutions believe that Trump's issuance of the Meme coin TRUMP is unethical.