In a land where the digital gold rush has left many a prospector with empty pockets, a Fairshake poll reveals that 45% of Americans are waving their hands, saying, “No, thank you” to the siren song of cryptocurrency. Meanwhile, the fat cats of the crypto world are tossing over $100 million into the midterm ring, hoping to buy a seat at the table-or at least a sympathetic ear.
- A Public First poll, conducted for Politico, shows that nearly half of Americans would rather keep their money in a rusty tin can than invest in crypto. Seems the fear of a digital Wild West is stronger than the lure of quick riches.
- The same poll finds 44% of folks think AI is galloping ahead like a runaway horse, and two-thirds want Congress to rein it in. Because, let’s face it, nobody wants Skynet running the show.
- Pro-crypto PAC Fairshake and pro-AI PAC Leading the Future have thrown over $100 million into the 2026 midterms. That’s a lot of zeros, but will it buy them a future?
A Politico poll, conducted by Public First in April 2026, found that 45% of Americans would rather stick their money in a sock than invest in cryptocurrency, even if the promise of riches is as tempting as a pie cooling on a windowsill. The survey of 2,035 adults also revealed that 44% think AI is sprinting ahead like a jackrabbit, and nearly two-thirds want Congress to slap some sense into it with strict regulations. Because, as we all know, nothing says “trust me” like a robot with no oversight.
All this comes as the bigwigs of the crypto and AI worlds are dumping money into the midterms like it’s going out of style. Fairshake, the pro-crypto PAC backed by Coinbase, Andreessen Horowitz, and Ripple, has already burned through $28 million in competitive primaries. Meanwhile, Leading the Future, the pro-AI group launched in August 2025, has raised over $75 million and is spreading it across races in North Carolina, Texas, Illinois, and New York. Together, they’ve spent more than $100 million-enough to buy a small country, but apparently not enough to buy public trust.
A political liability in the making
The poll shows that voters are about as likely to support a candidate backed by crypto or AI PACs as they are to trust a used car salesman. Political observers tell Politico that once voters connect the dots between campaign cash and the industries behind it, the backlash could be as swift as a slap from a wet noodle. “If they see somebody is backed by crypto, that’s always going to be a problem,” former Ohio Representative Jim Renacci reportedly said, probably while shaking his head in dismay.
The disconnect between spending and public trust is as wide as the Grand Canyon. Only 9% of respondents have even heard of Leading the Future, and a measly 3% recognize Fairshake. It seems the industry has plenty of money but not much in the way of a PR game. And that’s a problem, because both Fairshake and the crypto industry’s pet project, the Clarity Act, are counting on a Senate that’s up for grabs in the midterms.
As crypto.news has pointed out, if the Democrats take control of either chamber in November, the Clarity Act’s chances of passing are about as good as a snowball’s in hell. With 45% of voters distrusting crypto, the midterm environment is looking about as friendly as a pack of wolves. And no amount of PAC spending can change that-though they’ll sure try.
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2026-05-06 03:04