The president’s personal favourable crypto transactions have become more and more intense as the Digital Assets Act competes through Congress for signing for President Donald Trump’s desk.
Democrats have launched protests against “Trump’s code corruption” in both house and The Senatewhich stinks enough to guide industry policy leaders, concludes that their coveted market cryptostructure bill is doomed.
But a new vote from a pro-cryptic nonprofit on Monday is trying to dispel the narrative that the president’s digital asset attitude has caused a major obstacle to the industry’s legislative agenda.
A poll conducted on behalf of the Cedar Innovation Foundation, a pro-crypto lobbying organization that does not disclose supporters between June 16 and June 18, shows that the majority of voters nationwide are unaware of Trump’s personal crypto ventures.
Approximately 60% of poll respondents have not “see, read or hear anything lately” about the president “making millions of dollars” from his family’s crypto company World Liberty Financial. Another 40% It was According to the poll, it was conducted by the Global Strategy Group on behalf of Cedar and surveyed 1,000 voters.
Elsewhere, 57% of respondents have recently seen, read, and heard “nothing, not too much” about Trump’s Solana meme coin, while 43% have recently seen “many things or some” on the subject.
Cedar trumpeted the results of Monday’s poll as evidence of “.Recent attempts to make (Trump’s) interest in the issue stand out are not broken with the American people. ”
“The results show that the DEM attack has not broken through,” a spokesperson for Sugi said. Decryption.
However, other recent polls have challenged that conclusion. Data for progress Opinion survey Of the 155 voters nationwide that took place over roughly the same period from June 6 to June 8, a solid majority (62%) of all voters have discovered that provisions should be inserted into the Cryptocurrency Act to “prevent President Trump and his family from personally benefiting from cryptocurrency.”
The figures, classified by party affiliation, were 42% among Republicans, 66% among independents and 80% among Democrats.
A House Democrat said Decryption Cedar’s new poll should be taken “with skepticism and a grain of salt” and the organization should be characterized as “a dark money group with a huge crypto bond.”
Cedar’s investigation does not appear to ask voters if such provisions should be included in the cryptography. But Trump said, “Whether or not there should be clear rules and regulations in the industry, I voted for them to decide whether Trump would be involved in crypto.
Interestingly, 79% of Democrats say yes to the “yes” question, as only 36% of Republican respondents.
Trump has been dabbling in code since 2022, but his family’s involvement in the sector has accelerated significantly since the start of his second term.
For example, World Liberty Financial, the Trump family’s Ethereum decentralized financial platform, sold $550 million worth of WLFI tokens earlier this year.
Trump’s official Solana Meme Coin, Trump, surged beyond $70 billion to a fully diluted valuation shortly after its launch in January, but now has dropped to around $8.6 billion. The president and his partners own 80% of all Trump tokens and are expected to be unlocked over the next three years.
When asked late last month Decryption If so, whether he considers separating himself from a large number of crypto ventures will help pass cryptography, President Trump deflectionrefuses to commit to selling. He further insisted that if not for his help, the industry would have gone to China.
The first major cryptography poised to pass Congress is the genius law that establishes a framework for issuing and trading stables in the United States. The bill passed the Senate last monthand will vote in the House of Representatives. next week.
It does not include provisions that restrict the president and his family from issuing or gaining profits on their own stupidity. Trump and their world’s free business partners launched such products, USD1in March. USD1 is currently the eighth largest Stablecoin in the world. Co RingeckoThe market capitalization is $2.2 billion.
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