Two crypto projects linked to former U.S. President Donald Trump, World Liberty Financial (WLFI) and American Bitcoin (ABTC), have experienced steep declines following a recent regulatory crackdown from the Nasdaq exchange. WLFI, which drew inspiration from Trump’s political campaign, saw its token value plummet 24% on Thursday. Similarly, ABTC, backed by Trump’s sons, saw a dramatic 21% drop in early Nasdaq trading. These drops occurred just days after both projects launched to significant market attention. 2023 has seen an influx of companies seeking to raise capital for crypto investments and the Nasdaq is tightening its review process. These firms are increasingly looking at Bitcoin as part of their investment strategy, a trend that has been popularized by companies like Strategy and BitMine Immersion.