The recent crypto post began on Friday when Biden responded to a crypto-focused account asking if they would be able to “help crypto vote” for a hypothetical, non-serious presidential run. Then on Saturday, Biden quote posted A work of digital art by artist Beeple, known as the poster boy of NFT hysteria years ago He added, “When I decided to sell my art I wanted every piece on the blockchain and accepting Bitcoin as payment. ‘The Internet of Money’ by Andreas Antonopoulos really opened my eyes.”
Thanks @beeple, I’ve been a fan of your art for a long time. This is my new favourite.
When I decided to sell my art I wanted each piece to be on the blockchain and accept Bitcoin as payment.
“The Internet of Money” by Andreas Antonopoulos really opened my eyes. https://t.co/2OjCwhWvSm
— Hunter Biden (@HunterBiden) June 6, 2026
In addition to Beeple, many other blockchain technology proponents and crypto industry insiders quickly embraced Biden despite his past controversies. For example, Caitlin Long, founder and CEO of Custodia Bank Posted“Hunter went to Yale Law, which is the hardest law school to get into – so his caricature never made sense to me. Welcome to CT, Hunter!”
On the other hand, Adam Ortolf, founding partner of Stranded Energy Investments, pointed out that people involved with Bitcoin or crypto in general should not be so quick to embrace any celebrity who talks positively about the technology. asking Long rhetorically“If Jared Fogle from Subway logged on and promoted crypto would you look at his alma mater and celebrate his voice too?? Call him ‘OG’ if he mentions the right book title?”.
To Ortolf’s point, there is good reason to be skeptical of celebrities who start posting about crypto on X. A large number of celebrities have posted positively about crypto on social media over the years before endorsing or launching their own crypto tokens, which usually end up with charts looking like obvious pump and dump schemes some time later. Recent examples over the past few years include Hailey Welch also known as Hawk Tuh GirlAnd Former New York City Mayor Eric Adams.
go up number Writer Zeke Fox put it clearly on X, demanding for How long will it take for Biden to “do the Memecoin scam” and does anyone know The elite crypto marketing firm is running Joe Biden’s account. Author and investor Lynn Alden also said, asking biden“Can we go ahead and skip that arc where you launch some kind of token?”
How long ago did @HunterBiden do the Memecoin scam?
Honestly one of the only people who can actually start it now https://t.co/BPSSzBDcuG
– Zeke Fox (@ZekeFaux) June 6, 2026
Whereas The NFT industry has largely collapsed in recent yearsMemeCoin changed the role of those tokens in the crypto industry by effectively allowing celebrities and content creators to create currencies based on their personalities. Notably, in Her recent interview with Candace OwensBiden said, “I believe in meme tokens. I will do something one day and create a community. There are really good reasons to do it.”
Biden’s father’s administration was largely seen as anti-crypto when considering how Then-SEC Chairman Gary Gensler thought most crypto tokens should be regulated as securities and this data collection And taxes It was initially planned for Bitcoin miners. As stated, there were signs of change of heart Joe Biden’s term is about to end.
While the Trump administration has apparently reversed this anti-crypto stance, many now believe the pendulum has swung too far in the other direction. Trump’s second term in office surrounded by corruption allegations Related to crypto projects linked to the Trump family, to the extent that a survey found 62% of Americans don’t trust Trump to regulate the industry fairly.
according to the blockThe level of concern about crypto profiteering by the current president’s family, which was Estimated to be $1.4 billion in 2025 aloneThat could jeopardize the progress of the crypto regulatory bill, known as the Clarity Act, which is currently making its way through the Senate.
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