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Breaking news: Trump's approval rating drops to 33%. What does it mean if he loses the midterm elections in November? $BTC
Trump has once again surpassed his former self. The latest poll from the Public Affairs Research Center shows that Trump's overall support has fallen to 33%, with economic support only at 30%, dropping 8 points from 38% in just one month. This is critical; the core selling point for Trump winning the 2024 election is "I understand the economy, I can control prices." But now, seven out of ten Americans do not approve of his economic performance. Rising oil prices, squeezed living costs, and the ongoing US-Iran conflict have caused voters’ wallets to cast their ballots against him.
The most awkward thing for Trump right now is:
He promised to keep America out of foreign conflicts, but ended up initiating wars.
He promised to lower prices, but oil prices are higher than when Biden left office.
He promised economic prosperity, but only the military-industrial complex’s pockets are truly thriving.
What does it mean if Trump loses the midterm elections?
Trump promised a "cryptocurrency boom." If he loses the midterms, it’s not good news for BTC in the short term. The Republican Party losing control of Congress would push Trump into a "lame-duck president" state. He can still talk about supporting Bitcoin, stablecoins, and making the US a crypto hub, but legislative progress will become very difficult.
At that point, investigations, hearings, and subpoenas in Congress will increase. Crypto projects related to the Trump family, such as $WLFI , USD1, and $TRUMP , are likely to be scrutinized repeatedly by Democrats: is this industry innovation or just the family of the president cashing in on policy?
Meanwhile, the "Clear Law," stablecoin regulation, and decentralized finance rules are already stuck in partisan battles, bank interests, and ethical clauses. If the midterm election is lost again, crypto regulation is likely to become more fractured rather than clearer.
In response, Trump said: "In 2024, when I run for president, bet on me winning big, while those betting on Biden might still be drinking turtle jelly. So this time, smart people should know what to do."