62% of US Voters Distrust... Can Trump Be Trusted with Crypto?

▲ Trump and Bitcoin / Source: @CauseWereCrypto Twitter ©

A survey revealing that more than 6 out of 10 US voters do not trust the Trump administration's ability to oversee cryptocurrencies has reignited political controversy over regulatory leadership.

According to Coindesk, a cryptocurrency specialized media outlet, on May 3 (local time), 62% of respondents in a self-commissioned poll stated that they do not trust the Donald Trump administration to oversee the cryptocurrency industry. In the same survey, Trump's approval rating for state affairs was tallied at around 40%, confirming a general decline in political support.

In particular, concerns about conflicts of interest between the government and private business were prominent. 73% of respondents opposed high-ranking public officials simultaneously engaging in private business in the cryptocurrency industry, and 45% were aware that the Trump family was involved in cryptocurrency businesses such as World Liberty Financial.

However, only 17% of respondents were aware that Trump and his sons were actually involved in the launch of these projects. Even among Republican supporters, 59% expressed a negative view on the possibility of such conflicts of interest, indicating widespread concern regardless of political affiliation.

The survey was conducted among 1,000 voters and included an equal number of Trump and Kamala Harris supporters for the 2024 presidential election. Coindesk analyzed that this suggests a weakening trust in cryptocurrency policies even among some of Trump's supporters.

Meanwhile, public perception of the cryptocurrency industry remained limited. The majority of respondents expressed distrust or uncertainty about the role of cryptocurrencies in the economy and politics, and the US Crypto Market Structure Bill, also known as the CLARITY Act, which is central to related legislation, was also found to be facing difficulties in negotiations due to Trump's personal conflicts of interest.

*Disclaimer: This article is for investment reference only and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*