From the article:

"Anna Kelly, a White House spokeswoman, said... “All actions by President Trump and his administration are taken in the best interest of the American people.”"

"Since arriving at the White House, Mr. Trump and appointees have curtailed regulatory oversight of the industry, including policies related to memecoins."

"Despite the cratering prices, Mr. Trump has faced few consequences from his ventures, because federal regulators have largely abandoned crypto enforcement."