The crypto industry saw Trump as a champion. Some now fear he’s putting personal profits first
May 21, 2025
It seems like a triumph for a cryptocurrency industry that’s sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But Thursday night’s event for the 220 biggest buyers of the $TRUMP meme coin has instead raised questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president. Trump, once a crypto skeptic, is now a big fan of the industry — and some of its proponents are wondering if that’s such a good thing.
