84% of Democratic primary voters view crypto-backed candidates unfavorably, a poll shows. The CLARITY Act faces a procedural vote next week with uncertain bipartisan support.
A new poll shows that cryptocurrency remains deeply unpopular with the Democratic base, a finding that could complicate the path for the CLARITY Act as lawmakers prepare for a procedural vote next week. The survey, conducted by Democratic research firm Normington Petts and obtained by Semafor, found that 84% of Democratic primary voters hold an unfavorable view of candidates backed by the crypto industry. Crypto ranked worse than oil companies, Wall Street banks and data centers among Democratic voters, the poll showed.
The timing is sensitive for the crypto sector. The CLARITY Act is the industry's top legislative priority. Lawmakers have spent months negotiating jurisdiction, investor protections and developer safeguards, according to a letter from digital asset manager Grayscale that urged the Senate to hold a floor vote before the August recess.
Industry figures dismissed the poll's practical relevance. "There's no such thing as an anti-crypto voter," one industry source told Semafor. "The only people voting on this issue are pro-crypto." The source added that pro-crypto super PAC Fairshake could still influence elections by running ads on mainstream issues rather than digital assets.
Some dealmakers see progress. Anthony Scaramucci, founder of SkyBridge Capital, said on X that Senators Thom Tillis and Ruben Gallego had negotiated a "very strong bipartisan ethics provision." Coinbase Chief Policy Officer Faryar Shirzad struck a similar note: "We've got ethics nailed down, we've got nominations nailed down, we've got a bipartisan bill on the substance – we should be good to go."
Not all Democrats are on board. Last week, a group of senators including Mark Warner, Ruben Gallego, Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Raphael Warnock and John Hickenlooper released a joint statement arguing that the latest Republican draft "falls short." The party's most outspoken critic remains Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee.
Traders see long odds. Polymarket data shows a 34% probability that the CLARITY Act will receive more than 60 "yes" votes on final passage. The odds of exceeding 58 votes sit at 48%, and 55 votes at 52%, reflecting uncertainty about whether enough Democrats will cross party lines. The CLARITY Act odds sink to 27% after Senate delays crypto bill and CLARITY Act delay risks US crypto lead, Haridopolos warns offer further context on the legislative hurdles.
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