Will Gottsegen: “Since taking office, Trump has established himself as the face of crypto through his flagrant promotional tactics (remember those limited-edition bitcoin-orange sneakers?), his sweeping deregulation efforts, and, of course, his family’s investments in digital assets. The Trumps have now made hundreds of millions of dollars from cryptocurrencies, according to recent estimates.”
“Despite these links, crypto’s fate isn’t solely tied to the Trumps. There’s no single cause for the current downturn, but it demonstrates that a president’s intervention—even intervention as consistent as Trump’s—can only do so much to keep cryptocurrencies afloat.”
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