Donald Trump’s once-cozy relationship with cryptocurrency enthusiasts is fraying as digital asset values slide and his administration stumbles on crypto legislation, Axios reported. Analysts say members of the hyper-online crypto crowd that backed Trump in 2024 are now grappling with buyer’s remorse after Trump-branded meme coins enriched insiders while leaving retail investors holding the bag, compounded by revelations that the Trump family’s crypto venture pulled in hundreds of millions — including from a secret Emirati investment. As markets dipped and legislation stalled amid conflicts tied to Trump’s personal dealings, prominent crypto influencers began openly blaming the president, with some conceding they bet on Trump and lost. The backlash, Axios noted, reflects a broader problem for Trump as niche constituencies he courted enthusiastically are growing increasingly disillusioned.
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