Crypto executives fear investor backlash over Trump memecoins

Contributing sentiments towards policy:

57% : The world's most popular memecoins are tokens that refer to viral internet moments and characters -- such as Dogecoin, representing a Shibu Inu dog; Pepe, representing a comic green frog; and Fartcoin.About 80 per cent of Trump's tokens are held by CIC Digital, a company affiliated with the Trump Organization, and a CIC co-owned business called Fight Fight Fight LLC, according to the token's website -- a reference to the attempt to assassinate Trump last summer.
47% : One major Silicon Valley investor at the World Economic Forum in Davos called Tesla boss Elon Musk and Trump "the new Crassus and Caesar" -- referring to the Roman political figures who formed an alliance to further their own interests.
41% : "Trump has created a way to circumvent national security and anti-corruption laws, allowing interested parties to anonymously transfer money to him and his inner circle.
39% : "Not to mention the obvious [conflict of interest] given the fact that Trump can set crypto policy," he added.
22% : Trump has vowed to "end persecution" of the crypto industry and has nominated crypto advocate Paul Atkins to run the regulator, leading many to think that scrutiny of Trump's own coins is unlikely.

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