Mark Cuban Teases a $Trump-Like Meme Coin Where All Proceeds Go to the Treasury

The tech billionaire pitched it on Twitter as a way to gamble as well as "make a dent in the US debt."

Mark Cuban has teased launching his own meme coin like $Trump — but with a twist.

The tech billionaire floated the idea on X as a way to gamble as well as "make a dent in the US debt."

Cuban is a billionaire investor and a minority owner of the Dallas Mavericks basketball team. He became a vocal supporter of Kamala Harris and a fierce critic of Trump during the recent presidential election.

Mark Cuban has floated the idea of launching his own meme coin like $Trump — but would use the proceeds to help pay off the national debt.

"If meme coins are the way, maybe I’ll issue one," Cuban posted on X this week, adding it would have the same terms and release schedule as President Trump's coin but with one big difference.

"All the revenue from the sale of the coins go to the US Treasury," he wrote. "If you want to gamble, gamble. But at least use it to make a dent in the US Debt."

If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as $TRUMP . 20% float. Same release schedule. One difference. All the revenue from the sale of the coins go to the US Treasury. The wallet address will be published so everyone can track it. If…

— Mark Cuban (@mcuban) January 20, 2025

Cuban, a "Shark Tank" investor and a minority owner of the Dallas Mavericks basketball team, became a billionaire by selling his Broadcast.com startup to Yahoo during the dot-com bubble.

"Everyone benefits from lower debt," Cuban replied to one commenter on X. "If it's a grift. Make it a grift to benefit all Americans," he said to another.

The national debt has roughly tripled over the past two decades to a record $36 trillion. Interest rates have also surged since 2022, fueling a major rise in the federal government's annual interest payments to above $1 trillion.

Cuban also posted on X that $Trump and Melania Trump's $Melania would hurt the cryptocurrency industry.

"If you want crypto to grow and establish value and utility that truly benefits the issuer and the buyer, then the last thing you want to see is shit coins being issued by FLOTUS and POTUS," the technology tycoon said.

It's unclear whether Cuban is serious about minting his own token. He replied to one X user's comment with "Of course I won't."

Trump's meme coin, valued in the billions of dollars, has been widely panned as it's 80% owned by entities tied to the new president. Critics have said that now anyone can hand money to Trump simply by buying his coin, raising ethical questions and potential conflicts of interest.

Cuban has championed crypto as a disruptive technology for several years now, focusing on applications such as smart contracts instead of token prices.