President Donald Trump’s approval rating has languished, but his relentless cheerleading for the crypto industry has earned him a segment of loyal friends among American voters: crypto investors who step outside their personal politics to praise his work and view the president and his Republican allies as the best option for progress in digital assets.
Congressional mid-seats coming up next year may continue to see a significant voting block for appeals to candidates who advocate for crypto-friendly politics, with 64% of investors in a new survey saying a candidate’s crypto stance is important to them, according to responses from 800 respondents in a McLaughlin & Associates online survey published Wednesday. Polls in the previous election in 2024 had already begun to show a growing segment of voters who considered crypto policy among their top concerns.
In this national snapshot, which was taken in late July under a commission from the Digital Chamber, an industry lobbying group, 73% supported Trump’s agenda and actions, with an estimated 3.4% margin of error. For this cohort of investors, the President had a 54% approval rating, well above his level with the rest of the electorate.
Trump’s current overall approval rating has plummeted to about 40%, according to Gallup, which is a few points below former President Joe Biden’s mark in the same period in that previous presidential term, although it is well above the 34% Trump finished his first term.
Especially worth noting about Trump’s relatively glowing approval level from crypto voters is that the group tends slightly toward more democratic and liberal views, their responses indicated. But far more trust Trump and Republicans to elevate crypto causes (37%) than Democrats (24%), although “none” came in a significant third place (16%).
The investors surveyed were more likely to be registered to vote than the rest of the population, and are more likely to have a college education, and earn a lower income, in addition to being generally younger and more racially diverse.
Under Trump and the Republican-controlled Congress, the first major crypto law was established this year to govern stablecoin issuers. The industry’s next priority is finishing a bill that will regulate the broader US cryptocurrency markets, although that effort may be languishing this year as lawmakers in Congress are bogged down in the budget fight that is shutting down the federal government.
Although Republicans have been stronger overall supporters of the crypto measures, a wide swath of Democrats have united on key votes to advance the policies.
The industry’s massive political action committee, Fairshake, has already amassed a tower of funds to influence the outcome of next year’s congressional races. The Super PAC in 2024 demonstrated an interest in spreading money between the two parties, although other prominent crypto experts favor Republicans.
Read More: Trump’s New Crypto Enthusiasm Could Help Him Win More Votes: Survey
