Trump Approval Rating Rises 1% Amid Crypto Regulation Shift

U.S. President Donald Trump's approval ratings have seen a slight increase, reaching 44% according to a recent poll conducted between May 23 and May 26. This poll, which involved over 1,600 participants, indicates that 52% of U.S. adults disapprove of Trump's performance. Among registered voters, 46% approve of Trump's second term, while 52% disapprove. This marks a 1% increase in Trump's overall approval rating.

Concurrently, Vice President JD Vance has made a significant declaration regarding the administration's stance on cryptocurrency regulations. Vance vowed to dismantle "Operation Chokepoint 2.0," a controversial initiative aimed at restricting access to banking services for certain industries, including cryptocurrency. He criticized former SEC chair Gary Gensler's approach of regulation-by-enforcement, stating that the current administration prioritizes eliminating the red tape and legal battles that have plagued the crypto sector.

Vance emphasized that the Trump administration is committed to ending the weaponization of federal regulations against the crypto community. He declared that "Operation Chokepoint 2.0 is dead and it is not coming back under the Trump administration." This statement comes at a time when the SEC has dropped several high-profile lawsuits against key players in the crypto industry, including Ripple, OpenSea, and Coinbase. The federal regulator has also formed a Crypto Task Force to gather input from the public and the crypto community on developing a new regulatory framework for digital assets.

Despite these developments, Trump has faced increased scrutiny over his affiliations with the digital asset sector. Democratic lawmakers have raised ethics concerns surrounding a gala dinner held for top $TRUMP investors at Trump National Golf Club. Critics argue that foreign influences may have purchased the cryptocurrency to gain favor with Trump, potentially violating key ethics provisions. However, Trump Media's recent announcement of a $2.5 billion plan to buy Bitcoin suggests that Trump's connection to cryptocurrencies is not waning.

In summary, Trump's approval ratings have seen a modest increase, while Vice President Vance has declared a war on crypto "lawfare" by vowing to eliminate restrictive regulations and legal battles. The administration's stance on cryptocurrency regulations is a significant shift from the previous approach, aiming to foster a more supportive environment for the digital asset sector. However, Trump's involvement in the crypto industry continues to draw scrutiny and criticism from lawmakers and the public.