Former President Donald Trump’s approval rating has ticked up to 44% this week, coinciding with a bold statement from Vice President JD Vance, who promised to dismantle aggressive regulatory efforts aimed at the crypto industry.
Poll Indicates Modest Approval Rise
According to a May 23–26 YouGov/Economist poll of over 1,600 adults, 44% of Americans approve of Trump, while 52% disapprove. Among registered voters, the numbers shift slightly to 46% approval, with the same disapproval rate. The results mark a 1-point rise from the previous survey, suggesting modest momentum as the Trump administration emphasizes its pro-crypto policies.
Vance Declares End of SEC-Style Enforcement Against Crypto
Vice President JD Vance directly targeted the enforcement strategies used by former SEC Chair Gary Gensler, accusing the previous administration of using federal regulations to attack the blockchain sector.
“We are dismantling the red tape and the lawfare tactics that previously targeted the crypto community,” Vance said. “Operation Chokepoint 2.0 is over and won’t return under this administration.”
The message aligns with the administration’s ongoing push to foster innovation over regulation in the digital asset space.
Regulatory Agencies Shift Course as Trump Doubles Down on Crypto
Recent moves by the SEC support this shift, with high-profile lawsuits against Ripple, Coinbase, and OpenSea now dropped. A newly formed Crypto Task Force is also seeking public feedback on how to shape a modern regulatory framework for digital assets.
Still, critics remain cautious as Trump ramps up involvement with the crypto sector, potentially raising conflicts of interest.
Controversy Over $TRUMP Gala Sparks Ethics Concerns
A recent gala at Trump National Golf Club for $TRUMP meme coin investors has ignited concerns among Democratic lawmakers. They allege that foreign parties could be using cryptocurrency purchases to gain political access, raising serious ethical questions.
Despite the backlash, Trump’s influence in the crypto space continues to grow.
Trump Media Eyes $2.5B Bitcoin Buy
In a move that further cements Trump’s connection to digital assets, Trump Media announced plans to acquire $2.5 billion worth of Bitcoin. The initiative demonstrates a continued pivot toward blockchain-based financial strategies as part of the campaign’s broader economic vision.
