Do you think what Trump did with his meme coins (rug pull) tainted cryptocurrency globally ?

I keep telling my brother that when the President of the united states use cryptocurrency to steal 1 million of different investors out of billion of dollars badly damage the already poor image of crypto overall but he keep insisting that it only affected meme coins and barely bitcoin at all since it’s “different” and not the same

To me it sounds completely out of touch with reality … he was a major Trump supporter unsurprisingly and i never liked Trump so i think he is in denial because the man that he kept defending so much is actually largely responsible for all of his crypto going way down recently

There’s other stuff too obviously like the cold card scandal ect. but it’s not helping at all and had a much larger impact on things that most trump supporters that are also crypto nerds wanna admit lol it’s baffling and so frustrating