Crypto and AI face a serious perception problem with American voters. A new Politico poll shows most Americans distrust both industries, even as industry super PACs ramp up spending in the midterm elections.
The timing matters. Industry groups are flooding cash into political races right now, betting that favorable candidates will shape future regulation. But voter sentiment poses a real obstacle. If constituents distrust crypto generally, backing a candidate as a crypto industry proxy could backfire at the ballot box.
This reflects a broader challenge for crypto's political ambitions. The industry has invested heavily in Washington influence over the past two years. Candidates have accepted crypto donations. Industry leaders have met with lawmakers. Yet the underlying public opinion hasn't shifted to match.
The poll reveals a disconnect between money flowing into politics and actual voter attitudes. Americans are skeptical of both the technology and the institutions pushing it. That skepticism won't disappear because a super PAC runs ads.
For candidates accepting crypto industry support, the calculus just got harder. They're backing winners in a space voters don't trust. That's a liability in tight races where margins matter.