Crypto 'Mongoose' Meme Machine Kicks Into Gear After Congressman’s Joke
- Sherman’s reference to fictional coin spawns several tokens
- Crypto’s “self-mocking humor” a threat to itself, Sherman says
Photographer: Kevin Dietsch/UPI/Bloomberg
It didn’t take long for Democratic Representative Brad Sherman of California to become an inspiration for cryptocurrency token creators after he disparaged the coin-eat-coin world of digital assets.
During a House Financial Services Committee hearing on crypto Wednesday, Sherman appeared to reference a story of an old woman who swallows bigger and bigger animals to catch the previously swallowed animal, while saying “the No. 1 threat to cryptocurrency is crypto.” He went on to say that Bitcoin could be unseated by Ether, which could be displaced by Doge, to only be replaced by Hamster Coin and then Cobra Coin, and then “what could Mongoose Coin do to crypto coin?” he asked, capping the rhetorical joke.