Summary

  • A recent Reuters/Ipsos survey indicates that 63% of participants believe it is inappropriate for Trump and his family to have profited from cryptocurrency, while 69% think his private business interests are affecting his decisions as president.
  • Approximately half of Trump's Republican supporters also feel that his business interests influence his presidential actions, although around 70% still view the crypto profits as acceptable.
  • The findings contribute to an ongoing debate, as Trump reportedly earned over $1.4 billion from businesses like World Liberty Financial and his meme coin, amid denials of any conflicts of interest from the White House and discussions among lawmakers regarding the Clarity Act, which could limit his crypto activities ahead of a September vote.

A substantial portion of Americans, according to a new Reuters/Ipsos poll, think that President Donald Trump and his family have inappropriately benefited from cryptocurrency since his return to the White House.

The poll results revealed that 63% of those surveyed found it unsuitable for Trump and his family to profit from crypto, while only 32% believed it was appropriate, with the remainder not expressing an opinion, as reported by Reuters.

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A significant 69% of respondents expressed that they believe Trump’s private business endeavors are influencing his presidential decisions, a sentiment echoed by two-thirds of independents and 90% of Democrats, according to the report.

Interestingly, about half of Trump's Republican supporters also believe that he allows his business interests to affect his decisions, a finding that may be troubling for a president who campaigned on the promise of reducing corruption in Washington.

Despite this, roughly 70% of Republicans still deemed the family's cryptocurrency activities as appropriate. The online survey was conducted with 1,166 U.S. adults from August 14 to 17 and has a margin of error of 3 percentage points.

The results provide substantial evidence regarding a controversy that has followed Trump during his second term.

Earlier financial disclosures indicated that Trump made over $1.4 billion from crypto-related ventures, which include World Liberty Financial and his meme coin. This has prompted ongoing Democratic initiatives aimed at imposing restrictions on him, including Sen. Kirsten Gillibrand's proposal to prohibit elected officials from starting meme coins and calls from Senate Democrats for hearings regarding what they refer to as substantial presidential profits from crypto.