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

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.

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.