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Market
Public support for crypto regulation after House FIT21 vote
5
Resolution / Starting Odds
Increased Support • 25%
Decreased Support • 25%
No Change • 25%
Unsure • 25%
Public opinion polls from major research firms
Story
Trump Endorses Crypto, Eyes Voters; House to Vote on FIT21 Act Amid SEC Criticism
May 11, 2024, 04:00 PM
Recent developments indicate that cryptocurrency is becoming a significant political issue in the upcoming U.S. presidential election, particularly following former President Donald Trump's endorsement of digital assets. This stance has been perceived as a strategic move to attract the crypto voter base, contrasting with the current administration's more stringent regulatory approach under SEC Chair Gary Gensler, criticized by figures like Mark Cuban. The House of Representatives is also actively involved, with plans to vote on the Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to establish a clear regulatory framework for digital assets. This legislation is seen as pivotal in defining the roles of the SEC and CFTC while enhancing consumer protections. Additionally, Trump's campaign is accepting crypto donations, further aligning his platform with crypto supporters.
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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%
Supportive • 33%
Neutral • 33%
Critical • 34%
Increased bipartisan support for crypto regulations • 33%
Increased opposition to crypto regulations • 33%
No significant change in political stance on crypto regulations • 34%
Approve • 33%
Disapprove • 33%
Neutral • 34%
Increased approval • 33%
No significant change • 33%
Decreased approval • 33%
Increase in support for strict regulations • 33%
Decrease in support for strict regulations • 33%
No significant change in public opinion • 34%
Increase in approval • 33%
Decrease in approval • 33%
No significant change • 34%
Market gains • 33%
Market losses • 33%
No significant change • 33%
Majority support • 25%
Majority oppose • 25%
Divided opinion • 25%
Indifferent or unaware • 25%
Significant increase in cryptocurrency market cap • 33%
Significant decrease in cryptocurrency market cap • 33%
No significant change in market cap • 34%
Significantly Strengthened • 33%
No Significant Change • 33%
Weakened • 34%