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Public response to Democrats' pro-crypto shift by end of 2024
5
Resolution / Starting Odds
Favorable • 50%
Unfavorable • 50%
Public opinion polls and crypto community feedback
Story
Biden, Democrats Push SEC to Approve Ethereum ETF Amid Political Pressure
May 21, 2024, 12:49 AM
The SEC's sudden reversal on the approval of an Ethereum (ETH) ETF appears to be driven by political pressure. Reports suggest that Democrats, recognizing the growing influence of the crypto community and the potential electoral impact, are shifting their stance to a more pro-crypto and innovation narrative. This move comes as a response to former President Donald Trump's appeal to swing and single-issue voters with his pro-crypto stance. The Democrats' previous anti-crypto position, influenced by figures like Elizabeth Warren's antics, has prompted a strategic pivot to avoid potential electoral losses. President Biden likely commandeered the SEC, led by Gary Gensler, to adopt this new approach.
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Increased approval • 33%
No significant change • 33%
Decreased approval • 33%
Increased bipartisan support for crypto regulations • 33%
Increased opposition to crypto regulations • 33%
No significant change in political stance on crypto regulations • 34%
Significantly Positive • 25%
Somewhat Positive • 25%
Neutral • 25%
Negative • 25%
Significant Positive Impact • 33%
No Significant Impact • 34%
Significant Negative Impact • 33%
Public support for Trump's crypto policies increases • 50%
Public support for Trump's crypto policies does not increase • 50%
Support • 25%
Oppose • 25%
Neutral • 25%
No Comment • 25%
Unified support for increased regulation • 33%
Unified support for decreased regulation • 33%
Continued division within the party • 34%
Yes • 50%
No • 50%
Pro-crypto legislation • 33%
Anti-crypto legislation • 33%
No change in stance • 34%
Significantly Positive • 25%
Slightly Positive • 25%
Neutral • 25%
Negative • 25%
Majority approval of SEC's approach • 33%
Majority disapproval of SEC's approach • 33%
Mixed or no clear majority opinion on SEC's approach • 34%