Trump's crypto tokens are raising ethical and geopolitical concerns--and are worrying even Trump's staunchest pro-crypto supporters

President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.

Until, of course, in 2013 the Silk Road was shut down by FBI agents and Mr Ulbricht, then 29 years old, was arrested in the science-fiction section of a San Francisco public library. In 2015, after a four-week trial,

Ulbricht's conviction has been wiped out but his 144,000 Bitcoins are long gone.

President Trump’s newly released memecoin could ultimately help delegitimize the rest of the digital currency ecosystem.

Welcome to The Hill’s Technology newsletter {beacon} Technology Technology   The Big Story Trump meme coin sparks crypto world backlash President Trump is facing backlash after

Donald Trump took office as the 47th U.S. president on Monday, delivering an inaugural address that excluded any mention of digital assets. His first-day executive actions also omitted cryptocurrency policies despite earlier reports suggesting he might prioritize crypto with measures like establishing a crypto council or addressing crypto de-banking.