The Trump-branded crypto coin is being called a raw deal for the small buyers who put money in — bad news for the president's own supporters.

• Everyday fans who bought the Trump coin ended up losing their savings on it.
• The people behind the launch made money while buyers were left holding losses.
• Making a fortune off a political office is the core objection here, not the crypto itself.
• The same criticism extends to podcasters and tech figures who push SPACs and other risky deals to audiences that trust them.

Outlook: Expect more scrutiny of celebrity- and politician-backed coins as the losses from this one become clearer.