“So if you’re thinking about a digital form of currency then the law must accommodate its existence,” Jonathan Dharmapalan told Yahoo Finance.
The billionaire likes the "meme token." Kind of.
The world knows a thing or two about SHIBArmy, the community behind the self-proclaimed dogecoin killer shiba inu (SHIB). SHIB, the token that’s clearly not taken seriously by most institutional investors, is still far from dead after another dumping event last week. Since Monday, the SHIB community has been celebrating the survival of last Thursday’s bloody dump across social media platforms: “Shiba Inu rebounds 40% despite major selling by SHIB whales,” a Shiba Inu Telegram group posted on Tuesday under the title “Whales are NOT in control of Shiba.”