Wall Street Leaders Withdraw Support for Trump’s Economic Policies

2 mins mins

Key Points:

Wall Street leaders withdraw support from Trump’s economic policies.
Trump’s economic plan deemed ineffective by 72% surveyed.
Cryptocurrency policy scores poorly at 2.0 out of 5.

Recent surveys by Forbes highlight a shift in sentiment among 50 influential Wall Street leaders regarding President Trump’s economic policies since January 2025.

The withdrawal of support could influence financial markets, with notable sectors like cryptocurrency showing reduced confidence in Trump’s approach.

Wall Street Leaders Voice Growing Discontent

Wall Street leaders, including billionaire investors and asset managers, initially supported Trump’s policies but now express discontent. 72% find the economic plan ineffective. Ratings from a Forbes survey show poor scores, particularly on tariffs and the stock market.

The shift in attitudes reflects broader concerns about policy effectiveness and market impact. Leaders cite tariffs and executive orders as problematic, contributing to declining perceptions of policy reliability.

Arthur Hayes, co-founder of BitMEX, commented, “Trump’s tariff plan may force the Federal Reserve to restart loose monetary policy (Brrrr)” – source. Market players remain wary of future economic strategies and their implications.

Cryptocurrency Markets React to Economic Policy Uncertainty

Did you know? President Trump’s economic strategy has historically faced scrutiny, as it often conflicts with traditional financial market norms, leading to volatile market reactions.

Ethereum (ETH) prices recently fell by 2.00% over 24 hours to $1,751.07, with a 7-day decline of 2.80%. The market cap stands at $211.31 billion, according to CoinMarketCap, reflecting a dominance of 8.05% amid ongoing declines.

ethereum-daily-chart-46 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 16:37 UTC on April 6, 2025. *Source: CoinMarketCap*

The Coincu research team indicates that financial and technological sectors might face heightened scrutiny due to policy decisions, with potential regulatory challenges emerging as a focal point of concern.