A California democrat's joke during Wednesday's crypto hearing has spurred the creation of 'mongoose coin'



A mongoose family is at a national park. Stock photo.

Stock photo.

The mongoose coin meme was created by the Congressional hearing oncryptocurrencies.

Six leaders of digital assets were questioned by the House Financial Services Committee. The heads of Bitfury, Circle, Paxos Trust Company, and Stellar Development Foundation testified at the hearing.

The congressman said that cryptocurrencies are the biggest threat to the industry.
He said that ether could be replaced by doge. He said that it could be replaced by hamster coin and cobra coin.

What could mongoose coin do to the coin? He made a joke. The African animal that can get as long as 2 feet is known for living in burrows and eating other animals.

Several mongoose coins started trading on platforms after his remarks. The news was first reported by Decrypt.
The supply on the two chains was around 69,420,000. Some of the coins saw a price increase.
The mongoose coin follows a long line of meme token. Dogecoin is the most well-known meme coin. shiba inu coin followed dogecoin. The Squid Game coin is a scam.

Will the mongoose coin have a value? Sherman spoke at the hearing. I don't know. I made it up. It's a joke. I said that about the hamster coin, but then I found out that it was a hamster coin. It's not fair to compare the current system of the currency to what cryptocurrencies aspire to be.

Business Insider has an original article.