It Smells Bad": Why Crypto Leaders are Distancing Themselves from the White House

A number of crypto industry and fintech leaders are starting to realize that backing Donald Trump as crypto's champion in the US economy is beginning to "smell bad." Before, you could maybe turn a blind eye to the presidential family enriching itself using daddy's administrative resources. But the events in Minneapolis are impossible to ignore. That would mean having to agree that the paramedic and observer Alexa Pretty, and the poetess, who were shot during the migration raids, were actually potential threats and terrorists.

Bitcoin enthusiast and CEO of Chainstone Labs Bruce Fenton voiced a common opinion: besides the lives of innocent people, the White House is undermining civil liberties and infringing on the First and Second Amendments. Can a president like that really guarantee freedom for cryptocurrency if he can't protect citizens and the Constitution?

Other crypto figures, including Vitalik Buterin and fintech company executives, have joined the criticism. However, there's also other news about hundreds of millions raised for election support on behalf of the crypto industry.