AXIOS (Zachary Basu) - Crypto revolt exposes fragility of Trump's coalition
Trillions of dollars in value have been vaporized from global crypto markets since October, plunging an ascendant industry championed by President Trump into a new bout of turmoil. Why it matters: Crypto joins a growing list of MAGA coalition partners — from Epstein-focused populists to farmers to Latino men — now questioning whether Trump's return to power has delivered what they were promised. Zoom in: The hyper-online, male-dominated crypto space embraced Trump's vision for a crypto "Golden Age," tying its fortunes to his presidency as prices surged and confidence soared through much of his first year in office. - Many crypto leaders swallowed their discomfort last year after Trump-branded meme coins generated massive profits…
Trillions of dollars in value have been vaporized from global crypto markets since October, plunging an ascendant industry championed by President Trump into a new bout of turmoil. Why it matters: Crypto joins a growing list of MAGA coalition partners — from Epstein-focused populists to farmers to Latino men — now questioning whether Trump's return to power has delivered what they were promised. Zoom in: The hyper-online, male-dominated crypto space embraced Trump's vision for a crypto "Golden Age," tying its fortunes to his presidency as prices surged and confidence soared through much of his first year in office. - Many crypto leaders swallowed their discomfort last year after Trump-branded meme coins generated massive profits…Open