Web3 is absolutely not aware of how much this family and this administration have damaged it.
For years, crypto told itself it was building an alternative to the corrupt financial system, an escape from captured institutions, banking cartels, lobbyists, political dynasties, insider networks, frozen access, rigged markets, and permissioned power. (Blabla..)
Then the same machine walked straight into Web3 wearing a red hat, wrapped itself in freedom language, and a shocking BIG part of this industry started clapping.
solana:WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g , solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN , solana:FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P , insider access, political branding, liquidity extraction, attention farming, tokenised influence, retail exit liquidity, and billions of dollars of value vacuumed out of the same people who were told this was somehow good for crypto adoption.
And the long term damage is being underestimated!
Millions of normal people who already saw crypto as a scam casino will now look at Trump, his family, his administration, WLFI, solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN, solana:FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P, and the entire political circus around it, and decide they will never touch this industry at all.
That kind of reputational damage does not disappear with the next green candle. It stays. It hardens. It becomes the story people tell when they explain why crypto was never for them.
...many people in Web3 still do not understand the consequences.
They think political attention means legitimacy. They think a president, a family office, a donor class, a few influencers, a few exchange insiders, and a few billionaire friends touching crypto means the space has finally made it.
No. It means the casino has attracted the predators it always claimed to be escaping from.
Crypto was already sick before this.
So sick.
We had (still) paid shillers, fake builders, Telegram call groups, launchpad games, KOL manipulation, insider allocations, artificial hype cycles, fake communities, mercenary/fake volume, CEXs, scam boosting DEXs, and retail getting carved up every few weeks.
But this administration brought something worse into the room: state level corruption energy, open political capture, family branded extraction, and a culture where people defend anything as long as it makes their bag pump for 20 minutes.
That is how a movement dies...
A big part died.
The macro picture? Worse.
The same political class that plays games with war rhetoric,
Strait of Hormuz brinkmanship, tariff theatre, donor capture, media manipulation, and caveman tribalism is being treated by parts of crypto as a saviour.
That is insane. Insane.
Risk assets do not thrive in chaos. Crypto is not immune to fear, instability, liquidity stress, war risk, political violence, collapsing trust, or ordinary people simply needing cash more than speculation.
When the world becomes unstable, people do not keep their last money in memecoins. They pay rent. They buy food. They protect their families. They move into cash. The casino is usually the first thing they leave.
Web3 should have been intelligent enough to see it.
Instead, large parts of this space kneeled for it, shilled it, monetised it, defended it, and called it bullish.
That may be the clearest sign of all.
What I would not underestimate though: if stocks really start falling, and I think that risk is very real, crypto could eventually absorb part of that capital.
In the first shock, people usually sell what is liquid, risky, and easy to dump. That includes crypto. When fear hits, survival beats ideology. Cash beats narratives. Rent, food, debt, and safety beat speculation.
But after the first wave, crypto could become interesting again.
I do not know the future. Nobody does.
The times are too uncertain.
But I would not dismiss the scenario where traditional markets crack first, crypto gets dragged down with them, and then serious capital starts asking where it can go next.
What’s your take on it?
