A recent poll linked to Fairshake suggests that a significant portion of Americans remain wary of cryptocurrency, even as industry-backed political groups ramp up spending ahead of the 2026 midterms.
Summary
A Public First survey found 45% of Americans consider crypto investing too risky.
44% believe AI is advancing too quickly, with strong support for stricter oversight.
Pro-crypto and pro-AI PACs have together spent over $100 million in midterm races.
Public skepticism remains high
According to an April 2026 poll conducted by Public First for Politico, nearly half of U.S. respondents said cryptocurrency investments are not worth the risk, despite the possibility of high returns. The survey, which included 2,035 adults, also showed rising concern about artificial intelligence, with 44% saying its development is moving too fast.
A clear majority of respondents supported stronger regulation, with nearly two-thirds favoring tighter congressional oversight of AI technologies.
Massive political spending
These findings come as industry-backed political action committees significantly increase their influence in the midterm elections. Fairshake—supported by Coinbase, Andreessen Horowitz, and Ripple—has spent around $28 million in key primary races.
Meanwhile, the pro-AI PAC Leading the Future has raised more than $75 million since its launch in August 2025, deploying funds across multiple states including North Carolina, Texas, Illinois, and New York. Combined, these groups have surpassed $100 million in political spending.
Growing political risk
Despite the financial push, public perception may pose a challenge. The poll indicates that voters are less inclined to support candidates associated with industries advocating lighter regulation—particularly in AI.
Political observers warn that once voters link campaign funding to these sectors, backlash could intensify. Former Ohio Representative Jim Renacci noted that candidates backed by crypto interests could face skepticism from voters.
Awareness gap and legislative stakes
Another key finding is the low public awareness of these PACs. Only 9% of respondents recognized Leading the Future, while just 3% were familiar with Fairshake—highlighting a gap between financial influence and public credibility.
This disconnect could have real consequences. The crypto industry’s legislative ambitions, including the proposed CLARITY Act, depend on the outcome of the same midterm elections. Analysts suggest that a shift in congressional control could significantly reduce the bill’s chances of passing.
Overall, the data underscores a growing tension: while crypto and AI industries are investing heavily in political influence, public trust has yet to catch up—making the 2026 midterms a critical test for both sectors.
