Nearly Two-Thirds of U.S. Voters View Crypto Negatively, With Opinions Divided by Party

An April survey found that 63% of U.S. voters viewed the cryptocurrency industry negatively, with attitudes varying by political affiliation. According to Foresight News, CoinDesk commissioned the nationwide poll, which received 849 valid responses: 533 respondents expressed distrust of the industry, while 316 viewed it positively. Democratic-leaning respondents were largely critical, with 233 reporting negative views and 88 positive ones. Among independent voters, 88 expressed negative views and 54 positive views. Republican respondents were more divided, though the survey report did not provide their totals. The poll asked participants why they viewed cryptocurrency positively or negatively. Supporters cited investment gains, transparency, security, and the possibility of using crypto to hedge against dollar risk or inflation. One young Republican-leaning voter who supported U.S. President Donald Trump in the 2024 election said cryptocurrency, particularly Bitcoin, had helped them make money and described it as transparent and secure. Some respondents also called crypto a safe way to exchange money or a worthwhile investment. Critics pointed to investment risks, limited regulation, price volatility, fraud concerns, difficulty using crypto for purchases, and doubts that it functions as real currency. Some said they did not understand the technology or worried about losing access to funds by forgetting private-key passwords. Other concerns included government tracking or seizure of assets. Several respondents also cited Trump and his family’s involvement in cryptocurrency-related businesses as a reason for their negative views. Younger voters were generally more positive than older respondents, although among those aged 18–24, 20 viewed crypto positively and 24 negatively. Negative views were more pronounced among voters aged 55 and older. As U.S. midterm elections approach, polls and prediction markets indicate an advantage for Democrats. The Cook Political Report said House control was likely to change hands, while the Senate race remained uncertain.