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.

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

The new president's $Trump coin won't surprise those who understand him but will likely vex some powerful people, SkyBridge's Anthony Scaramucci said.