Bitcoin fans aren’t all sold on Trump’s meme coin

At Bitcoin’s ball the year, the Trump administration was omnipresent. But a warm embrace from the White House hasn’t erased some skepticism around Trump.

LAS VEGAS — At bitcoin’s biggest event of the year, the Trump administration was omnipresent. Vice President JD Vance was the keynote speaker at the Bitcoin 2025 conference Wednesday, President Donald Trump’s sons Eric and Donald Jr. appeared on multiple panels, and a delegation of White House advisers including crypto czar David Sacks praised crypto as the future of technology.

The crypto community is used to being treated with skepticism and scorn from many politicians and lawmakers. But a warm embrace from the Trump White House still hasn’t erased some crypto investors’ skepticism.

As Trump has been loosening government oversight and regulations around cryptocurrency, he has also waded into his own crypto project: the $TRUMP coin. Earlier in May, Trump hosted a private dinner at his Washington, D.C.-area golf club for top $TRUMP coin buyers, who on average spent more than $1 million per seat and sparked widespread concern about opportunities for influence-buying.