Pro-Trump techies enraged by president's crypto reserve announcement, causing early rift

David Sacks, U.S. President Donald Trump's "AI and Crypto Czar", speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC. The Trump-tech alliance is showing its first real sign of distress. And it's because of crypto. President Donald Trump counted on crypto execs and investors for a hefty portion of his 2024 campaign funds. He promised to reward them handsomely if elected by slashing regulations and by turning the U.S. into "the crypto capital of the planet and the bitcoin superpower of the world." The president got off to a quick start, signing an executive order calling for the establishment of a working group on digital assets and pardoning Silk Road creator Ross Ulbricht. The SEC also dropped its years-long probe into Coinbase . While those moves were lauded by the most vocal techies who backed Trump's candidacy, over the weekend the president took it a step too far in their view. In a post on ... Read full article.