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Trump's Crypto Ties Deteriorate Amid Market Decline

2/9/2026

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Story summary
  • U.S. President Donald Trump has seen ties with cryptocurrency advocates deteriorate as digital currency values decline and his administration struggles with crypto legislation, leaving investors feeling scapegoated.
  • Supporters of his 2024 campaign express regret.
  • Complications arose from the Trump family's crypto venture, earning hundreds of millions, including a secret Emirati royal investment.
  • Crypto evangelist Carl Runefelt has publicly criticized Trump's impact on the crypto market.