Trump Is Making Bank on Crypto: Do Voters Care?
Digital asset legislation is advancing in Congress, facing scrutiny due to President Trump's personal crypto dealings. Protests from Democrats highlight concerns over "Trump’s crypto corruption," leading to speculation that the legislative agenda may be hindered. A poll by the Cedar Innovation Foundation reveals that 60% of voters are unaware of Trump's crypto ventures, while 57% have not heard much about his Solana meme coin. In contrast, a Data for Progress poll indicates that 62% of voters support provisions in crypto legislation to prevent Trump and his family from benefiting personally from cryptocurrency. Trump's family firm, World Liberty Financial, has significantly profited from crypto, including a $390 million gain from WLFI token sales. The GENIUS Act, which would regulate stablecoins, is set for a House vote but lacks restrictions on the Trumps' crypto activities. The USD1 stablecoin, launched by the Trump family, is currently valued at $2.2 billion.
