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

Trump and Melania-themed digital tokens minted billions on paper for the first family while raising conflict-of-interest and foreign-influence concerns.

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.