# Does Crypto Still Like the Crypto President?

*Author: Lucas Matney*
*Published: Apr 17, 2026*
*Source: https://www.bankless.com/es/read/does-crypto-still-like-the-crypto-president*

---

In what has already been a very unpredictable year, I’m perhaps most shocked by the (very small, incredibly mild) pangs of sympathy I am feeling this week for *His Excellency* Justin Sun. 

On Tuesday, my colleague Jack [wrote](https://www.bankless.com/read/world-libertys-sticky-situation) about the Tron billionaire’s feud with the Trump-founded lending platform World Liberty Finance, which he had invested at least $75M into before having his assets locked. 

[World Liberty’s Sticky Situation on BanklessThe Trump Family’s DeFi platform is seeing a surge in scrutiny over its growth and governance tactics.![](https://static.ghost.org/v5.0.0/images/link-icon.svg)BanklessJack Inabinet![](https://cdn.bankless.com/openGraph/world-liberty-s-sticky-situation-1776204968.png)](https://www.bankless.com/read/world-libertys-sticky-situation)Sun is now going public with his [frustrations](https://x.com/justinsuntron/status/2043235063132037268?s=20), alleging that the team is yanking around their investors while serving as "the antithesis of decentralization."

Per Sun:

> Every action taken by the WLFI team—from extracting fees from users, secretly implanting backdoors to control user assets, freezing investor funds without disclosure or due process, treating the crypto community as a personal ATM—is unjust and has never been authorized through any fair, transparent, good-faith community governance process.

These are accusations that would be shocking for just about any project, let alone one founded by... the sitting U.S. president – the self-proclaimed *Crypto President* at that*.*

All the while, other WLFI grumblings have been impossible to avoid this week, including concerns that the Dolomite DEX, run by World Liberty's CTO, is taking unacceptable bad debt risk on massive World Liberty loans taken against the project's WLFI tokens. 

While World Liberty's official X account [accused](https://x.com/worldlibertyfi/status/2043351375640182862?s=20) Sun of "playing the victim," Sun's post has seemed to **signal a public vibe shift **against the project and, perhaps, Trump's role in the industry itself. 

Ryan's X poll this week asking whether Trump's presence in the crypto space had been a net positive or negative saw 7 in 10 respondents choosing the latter.

> Has Trump been net good or net bad for crypto so far?— RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams) [April 15, 2026](https://twitter.com/RyanSAdams/status/2044478363469824417?ref_src=twsrc%5Etfw)

And while recent World Liberty moves may prompt some retail investors to think twice before putting money into the Trump crypto machine, crypto industry leaders scarred by the Biden Administration's lack of engagement with the industry have no clear reason to distance themselves.

This all sets up the looming scenario – one plenty inside the space have openly wondered about for a while now – where Democrats wage a renewed vendetta against the industry (whenever they take back power) as a proxy war on the President's businesses.

Last month, Bankless mapped out what appears poised to be a brutal Midterm election cycle for the Republicans, with Democrats currently favored to take control of the House and Senate – and, more critically, the committees key to future crypto legislation.

[Mapping Out Crypto’s Midterms Fate on BanklessDemocrats are poised to upset the balance in Congress; which midterm races matter most for the crypto industry?![](https://static.ghost.org/v5.0.0/images/link-icon.svg)BanklessDavid Christopher![](https://cdn.bankless.com/openGraph/mapping-out-crypto-s-midterms-fate-1773862588.png)](https://www.bankless.com/read/mapping-out-cryptos-midterm-elections-fate)Democratic leaders have already tried to probe Trump's crypto businesses as the minority. If they take power, investigations into conflicts of interest and particular foreign deals tied to these efforts are almost certain. 

How much further than that they go is likely going to have a lot to do with how much the "War on Crypto" messaging resonates with voters. 

But if even the crypto community is having a tough time defending the President's actions inside the industry, we might be in trouble.

[Jay Clayton’s Crypto War on BanklessThe Trump-appointed attorney (and Gary Gensler predecessor) won’t stop prosecuting crypto privacy developers.![](https://static.ghost.org/v5.0.0/images/link-icon.svg)BanklessLucas Matney![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/jay-clayton-s-crypto-war-1773255367.png)](https://www.bankless.com/read/jay-claytons-crypto-war)