Bullish on Trump: Crypto Investors Give Policies a Thumbs-Up
Survey finds Trump’s approach is driving approval and market optimism
🇺🇸 Welcome to the 4th of July edition of the Crypto In America newsletter!
What you’ll read: Trump’s crypto policies score big with investors, plus the top headlines this week.
Crypto investors are largely approving of the Trump Administration’s policies on digital assets, according to a new poll from research firm HarrisX.
The survey shows crypto investors know Trump’s crypto policies well — 81% say they’re familiar, and 73% approve, the highest approval rating across all issues tested, including immigration, government costs, and “returning America to its values.” Trump’s net approval on crypto policy sits at +56 points, compared to +48 or lower on those other key issues.
But it’s not just talk. 71% of crypto investors surveyed say these policies have positively impacted crypto as an investment, and nearly half of all retail investors agree.
That optimism is driving action: 64% of crypto investors say Trump’s policies make them more likely to buy crypto, and 40% of traditional retail investors feel the same.
That bullish vibe is also reflected in how crypto investors view timing and returns. 82% say now is a good time to invest — up 9 points since March — and more plan to buy crypto in the next month (73% now, up from 67%). Confidence in both short-term and long-term crypto gains is also growing, with 60% expecting prices to rise in the next month and 68% looking at the next year with optimism.
The data comes on the heels of the Senate’s passage of the GENIUS Act and the House’s introduction of the CLARITY Act — both aimed at giving crypto firms and investors clearer rules of the road. It also follows guidance on certain matters from the SEC and CFTC, and a broader easing of restrictions from major banking regulators.
A couple more interesting points:
General retail investors and the broader public trail behind on familiarity with Trump’s crypto policies (47% and 34%, respectively).
Overall, Trump’s approval among crypto investors has ticked up 9 points since March (from 63% to 72%).
The poll was conducted June 18-19 with 1,096 U.S. adults, including 230 crypto investors.
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Weekly Recap
ICYMI. Here are some of the biggest news stories this week from the intersection of Washington and Web3:
The House passed President Trump’s “One Big Beautiful” spending bill, sending it to his desk in a 218-214 vote. Trump is expected to sign the bill into law today.
House leadership announced the week of July 14th will be "Crypto Week" — the week the GENIUS Act, CLARITY Act and Anti-CBDC Act will be voted on for passage in the lower chamber. The Senate Banking Committee will hold a market structure hearing next Wednesday.
The Securities and Exchange Commission issued new guidance outlining disclosure expectations for crypto ETPs. It details what issuers must include in filings including NAV, custody and governance details.
Senator Cynthia Lummis (R-WY) introduced a digital asset tax bill. Key provisions include a $300 de minimis exemption for small personal transactions, ending double taxation for miners and stakers, establishing tax parity for lending and wash sales, and removing the appraisal requirement for crypto donations.
Ripple applied for an OCC trust charter as well as a master account with the Federal Reserve, which will allow it to offer crypto custody and settlement services directly through the U.S. banking system. Circle also applied for an OCC trust charter.
The SEC temporarily halted the launch of Grayscale’s Digital Large Cap Fund (GDLC) ETF, which was approved earlier this week, to give commissioners time for further review. The fund tracks the prices of Bitcoin, Ethereum, XRP, Solana, and Cardano.
FHFA Director Bill Pulte urged Congress to investigate Federal Reserve Chair Jerome Powell for “political bias” and what he claims was misleading testimony about renovations to the Fed’s headquarters.
The Supreme Court declined to hear a case challenging the IRS’s authority to obtain customer trading records from Coinbase.
Connecticut Governor Ned Lamont enacted a law that limits the use of digital assets within state government, including prohibiting the creation of a cryptocurrency reserve.
Design software company Figma disclosed in an SEC filing that it holds nearly $70 million in Bitcoin ETFs and has reserved $30 million in stablecoins to purchase Bitcoin as it prepares for a public listing on the New York Stock Exchange under the ticker “FIG.”
Happy Birthday, America!
From all of us at Crypto In America — have a wonderful Fourth of July!
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Thanks for the statistics on investors.