But by associating himself so closely with meme coins, some crypto fans worry that Trump hurts his ability to enact reforms

When Donald Trump's companies released a celebrity meme coin just ahead of the presidential inauguration, it set a new standard for instant hype in a cryptocurrency launch, based on fresh research from a blockchain tax startup.

President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.