Omid Malekan, an adjunct professor at Columbia Business School, said in an Oct. 26 X post: "Memecoins are a form of economic populism in their own right, and a Trump presidency would be" bad for Memecoins "because they are a" form of economic populism and a statement against injustice. " Malekan added: "Regulatory sanity in the U.S. has been bad for Memecoins because it has refocused cryptocurrency on DApps and other things that really matter, leading to a prolonged bear market where most people have lost money on Memecoins. After venture-backed tokens were" forced "into the cryptocurrency space by pressure from Senator Elizabeth Warren and SEC Chairperson Gary Gensler, a" Republican sweep "will bring back initial coin offerings, fully open token airdrops, and the" king of sanity for other tokens. "