Even conservative executives are fed up with tariffs, DOGE, and "crypto bro schemes"

Summary

Tech leaders who once backed Trump are fed up as his second term descends into chaos.

Venture capitalists and startup founders complain about erratic policies and feel burned by crypto bro schemes like $Trump coin, which tanked after launch.

Appointing David Sacks as “crypto czar” only fueled suspicions of cronyism, while proposed defense budget cuts leave companies like Anduril and Palantir reeling.

Even billionaire allies like Jeff Bezos are souring as tariffs and economic uncertainty hit their bottom line. “Everyone is annoyed,” says one disillusioned founder.

  • talEnglish
    14·
    28 days ago

    Steve Witkoff, for instance, a longtime Trump associate who was appointed as the United States special envoy to the Middle East, has been cashing in on his proximity to Trump to secure private deals, this person says. Witkoff’s son, Zach Witkoff, is the cofounder of World Liberty Financial, the crypto banking platform that launched Trump’s memecoin. Early in March, Steve Witkoff sent cryptocurrency advocates to the Middle East to promote World Liberty Financial’s latest stablecoin project, The Wall Street Journal reported. “Steve Witkoff is calling every sovereign government and saying, ‘You need to support this coin if you want to be in good standing with Trump,’” the person says. Witkoff did not respond to multiple requests for comment.

    That doesn’t seem like a great office to have a holder who is soliciting bribes from foreign countries to affect national policy.

    https://en.wikipedia.org/wiki/Steve_Witkoff

    In November 2024, then President-elect Donald Trump announced that he would appoint Witkoff to be the United States Special Envoy to the Middle East…In addition to his Middle East portfolio, he also became Trump’s personal de facto envoy to Russian President Vladimir Putin.[5]