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Major Trump backers admit 'big mistake to have him as president' as he becomes 'scapegoat' [View all]
So--Trumps insider friends got richer while retailer's got smacker.
Major Trump backers admit 'big mistake to have him as president' as he becomes 'scapegoat'
— (@oceancalm.bsky.social) 2026-02-09T20:53:32.522Z
🥰
www.msn.com/en-us/news/p...
Major Trump backers admit 'big mistake to have him as president' as he becomes 'scapegoat'
Story by Tom Boggioni • 5h •
Donald Trump's relationship with cryptocurrency advocates has deteriorated as digital currency values decline and his administration falters on crypto legislation.
According to Axios reporter Zachary Basu, members of the "hyper-online, male-dominated crypto space" who supported Trump's 2024 campaign are experiencing buyer's remorse. Initial enthusiasm has soured following Trump-branded meme coins that generated massive profits for insiders while leaving retail traders with worthless tokens.
Complications intensified after revelations that the Trump family's crypto venture generated hundreds of millions in revenue, including through a secret investment by an Emirati royal. The subsequent cryptocurrency market decline, combined with stalled crypto legislation due to Trump's conflicts with Democrats over his personal dealings, has frustrated investors.
Axios reported, "Despite multiple factors driving bitcoin's downturn, the president once hailed as crypto's greatest ally has now become one of its most visible scapegoats."...................
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