As a seasoned analyst with a decade of experience observing political landscapes and financial markets, I find the emerging role of cryptocurrency in U.S. politics intriguing. The 2024 election promises to be a battleground for candidates’ pro-crypto stances, particularly considering the significant influence crypto voters could wield, especially in swing states like Michigan, Pennsylvania, and Wisconsin.
Approximately half of American voters consider it significant for political candidates to be supportive of cryptocurrencies, indicating a potentially unique bipartisan opening as the 2024 election nears.
According to a survey conducted by HarrisX on behalf of blockchain leader ConsenSys, about half of American voters place a significant emphasis on a candidate’s pro-cryptocurrency stance. Additionally, around 12% of these voters might even consider backing candidates from the opposite party if they advocate for favorable cryptocurrency policies.
On October 1st, Consensys announced findings from a survey involving 1,664 registered voters, geographically diverse in representation. The survey results indicate that an impressive 85% of crypto-voting participants anticipate presidential candidates to take pro-cryptocurrency stances. Furthermore, over 90% of cryptocurrency owners expressed their intention to cast their votes, underscoring their significant impact, particularly in key swing states such as Michigan, Pennsylvania, and Wisconsin, where there is a notable split in opinions regarding crypto regulations.
Approximately half (56%) of surveyed individuals endorse Donald Trump’s pro-cryptocurrency opinions, whereas slightly fewer (54%) voters think it is important for Vice President Kamala Harris to express her position on the matter. Trust in cryptocurrency regulation appears divided, with 35% leaning towards Republican viewpoints and 32% favoring Democratic perspectives, suggesting no clear party dominance over crypto policy.
Approximately four out of ten voters think the U.S. government isn’t doing enough to back the cryptocurrency sector.
In response to being asked about the policy stance that might influence a voter’s decision to back a candidate, nearly eight out of ten people opted for the implementation of safeguards to shield consumers from fraud and deceptive practices involving cryptocurrencies.
Consensys
This election year, cryptocurrency has become a key political topic, and a study by crypto platform Coinbase indicates that youthful crypto enthusiasts could be decisive, particularly in swing states. The Gen Z and Millennial demographic now account for 40% of all eligible voters, expressing growing discontent with the existing financial structure, according to Coinbase. Moreover, approximately a quarter of voters aged 18-34 own cryptocurrency, while only 14% of older Americans do.
2024 election could see a substantial impact from this age group, as data from Coinbase suggests a majority of youth voters supportive of cryptocurrency are gearing up to vote for candidates who are pro-cryptocurrency and blockchain, with approximately half planning to do so.
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2024-10-02 13:46