Industry players worry the success of the president’s meme coin will undermine the credibility they have worked hard to cultivate.

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.

The new Trump meme coins have MAGA world astir, Biden’s FTC chair issues a warning about “surveillance pricing,” and JD Vance’s political muse speaks out in this week’s Tuesday Tech Drop.