A new poll from a pro-crypto group shows that most American voters are unaware of President Donald Trump's personal cryptocurrency business activities, which have recently threatened the fate of crypto legislation.
Voter awareness levels
The poll conducted by Global Strategy Group for Cedar Innovation Foundation (a pro-crypto lobbying organization) found that 60% of respondents had not "seen, read, or heard anything recently" about the President "making millions of dollars" from his family's cryptocurrency company, World Liberty Financial. The remaining 40% were aware of this. Similarly, 57% did not know much about the $TRUMP Solana memecoin, while 43% knew "a lot or a little."
The Cedar Innovation Foundation announced these results as evidence that "recent attacks by the Democrats to highlight Trump's interests in this matter have not affected the American public."
Mixed reactions and opinions
However, another poll by Data for Progress during the same period had contrasting results: 62% of all voters believe Congress should include provisions in crypto legislation to "prevent the President #TRUMP and his family from personally benefiting from cryptocurrency." This figure is 42% among Republicans, 66% independents, and 80% Democrats.
A House Democratic staffer expressed skepticism about Cedar's poll, calling the organization a "dark money group with significant ties to crypto."
Although he has been involved in crypto since 2022, the Trump family's involvement in the industry has rapidly increased since he began his second term. The Trump family's DeFi platform, World Liberty Financial, sold $550 million worth of #WLFI tokens earlier this year, bringing an estimated $390 million to the President and his associates. Trump's official Solana memecoin, TRUMP, once had a fully diluted market cap of over $70 billion shortly after its launch in January, now around $8.6 billion. The President and his partners own 80% of the TRUMP tokens, which will be unlocked over the next three years.
When asked if he would consider divesting from his crypto projects to help pass crypto legislation, President Trump declined to commit to divestment. He argued that without his help, the industry would have belonged to China.