Crypto and AI Lobbying Faces Growing Backlash from Voters

The rise of the crypto and AI industries has brought significant attention to their political spending, with some estimates suggesting they have amassed war chests of millions of dollars. However, this increased visibility appears to be having an unintended consequence: growing distrust from voters.

A recent poll conducted by Public First for Politico found that 47% of Americans trust a traditional bank over a cryptocurrency platform, while only 17% trust a crypto platform as much as a traditional bank. The numbers are even more dismal for AI, with 43% of respondents believing the risks outweigh the benefits.

Despite efforts by industry lobbyists to downplay their influence and present themselves as bipartisan champions, voters remain skeptical. Many view the industries as having too much sway over policy, particularly in areas such as deregulation and enforcement.