Dogecoin Co-Founder Billy Markus and Crypto Sector Criticize Trump’s Deregulation and Tariff Policies, Warning of Volatility and Regulatory Risks
Dogecoin co-founder Billy Markus has publicly condemned former President Donald Trump’s recent tariff policies and broader deregulatory stance on cryptocurrencies, warning that such moves could increase market volatility and severely impact both the crypto and global financial markets. Markus, expressing views on the X platform, criticized aggressive tariffs for their potential to worsen inflation and possibly trigger a recession, especially amid fragile US-China trade relations. He echoed Elon Musk’s concerns that protectionist measures may destabilize the global financial system.
These criticisms come amid growing debate in the crypto sector over Trump’s push for looser crypto regulations, which his administration frames as pro-innovation but critics argue consolidates power among political elites and wealthy investors. High-profile, politically-linked projects like World Liberty Financial (WLF) and TRUMP Coin have come under regulatory scrutiny, with the Department of Justice even disbanding its crypto enforcement unit, further reducing oversight. Watchdogs warn this environment favors political and business interests over financial inclusion.
The convergence of deregulation, political token proliferation, and economic protectionism signals heightened uncertainty and potential market volatility. Traders should stay alert to evolving US regulatory and trade policies, especially those with global implications, as these could drive significant price swings in both traditional and crypto markets. Attention to transparency and compliance in politically themed crypto projects is particularly advised.
Bearish
The critical stance by Dogecoin co-founder Billy Markus and broader crypto sector voices against Trump’s deregulatory and tariff policies suggests increased regulatory and economic uncertainty. Markus’s warning about tariffs exacerbating inflation and recession risks, combined with reduced regulatory oversight and emergence of politically linked tokens, signals rising volatility and a risk-off sentiment in the market. Historically, such uncertainty and fears of inflation or weaker oversight result in cautious trading behaviors and potential downward pressure on crypto prices—especially for politically themed tokens like TRUMP Coin and potentially Dogecoin given heightened sector-wide skepticism. In the short term, traders can expect increased volatility, and in the long term, unless clearer, more inclusive regulatory approaches emerge, market sentiment is likely to remain bearish.