A new survey of 1,000 registered US voters has revealed that 62% do not trust the Trump administration to properly regulate the cryptocurrency industry, according to a report by CoinDesk. The findings highlight a significant trust deficit, with 73% of respondents also opposing the participation of high-ranking public officials in crypto-related businesses due to concerns over conflicts of interest.
Only 24% of voters expressed confidence in the administration's regulatory ability, while 4% remained undecided. The poll underscores a growing sentiment that voters want a clear separation between government officials and the industries they oversee. The trust level has declined steadily from 48% in 2021 to 35% in 2023 and now to 24% in the current survey, driven by high-profile scandals and a perceived lack of effective oversight.
A separate Politico survey commissioned by Public First found that 45% of Americans believe crypto investing is not worth the risks, while 44% think AI is developing too fast. Two out of every three voters desire Congress to establish stringent AI regulations, although both industries are spending millions on the 2026 mid-term elections through super PACs like Fairshake (supported by Coinbase, Andreessen Horowitz, and Ripple Labs) and Leading the Future, which has raised over $75 million.
The broader public skepticism may weaken the political strategy of industry patrons, as candidates linked to these funds may face pressure. The survey results serve as a warning to policymakers: ignoring public sentiment could lead to further erosion of trust and potential political repercussions.
