While President Donald Trump’s approval ratings go deep, his relentless cheerleading for the crypto industry is a crypto investor who praises his work and steps into personal politics to see the president and his Republican allies as the best bets of digital assets advancement.
The Congressional midterm, coming next year, may continue to see key voting blocks for the benefit of candidates defending crypto-friendly policies. 64% of investors said it was important to them, according to responses from 800 respondents in the online McLinn & Associates survey published Wednesday. Voting in previous elections in 2024 had already begun to demonstrate an increasing segment of voters considering crypto policy amid the biggest concern.
This national snapshot was taken in late July under a committee from industry lobbying group Digital Chamber, with 73% supporting Trump’s crypto agenda and action, with an error of 3.4% estimated. For this cohort of investors, the president had a 54% approval rating.
According to Gallup, Trump’s current approval rate has dropped to around 40%. That’s a few points below former President Joe Biden’s mark in his previous term, but Trump was well above 34%, but his first term is over.
What is particularly noteworthy about Trump’s relatively bright recognition levels from crypto voters is that otherwise the group is slightly more prone to a more democratic and liberal view, their responses show. But many of them trust Trump and Republicans to increase the cause of code (37%) over Democrats (24%), while “both” did not fall in the third place (16%).
The investors surveyed are more likely to be voted in than the other population, and in addition to being generally younger and racially diverse, they are more likely to have a college education and earn a low income for men.
Under a Trump-and-Republican-controlled Congress, the first major cryptography was established this year to govern Stablecoin issuers. The industry’s next priority is to complete a bill regulating the broader US crypto market, but that effort may be tough this year as lawmakers in Congress are strayed into a budget fight where the federal government was shut down.
Republicans were the overall overall supporters of the crypto measure, but a wide range of Democrats swath took part in key votes to advance the policy.
Fairshake, the industry’s large political action committee, has already gathered a tower of funds to influence the outcome of next year’s Congressional race. The Super PAC expressed interest in spreading money between the two parties in 2024, while other prominent code officials support Republicans.
Read more: Trump’s new cryptography enthusiasm could help him win more votes: poll