Digital Chamber Survey: 26m US voters make up the ‘crypto voting bloc’ in the 2024 presidential election

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As a seasoned analyst with a background in both politics and technology, I find myself intrigued by this emerging ‘Crypto Voting Bloc’. With a career that has spanned across various industries, I’ve seen firsthand how technology can shape societal dynamics, and this trend seems to be no exception.

Approximately one out of every seven U.S. voters, as indicated by a poll performed by The Digital Chamber, express that a candidate’s position on cryptocurrency may influence their choice for the upcoming presidential election.

Approximately 14% of members surveyed by The Digital Chamber, a professional organization focusing on digital assets, indicated that they consider cryptocurrency to be “extremely” or “very significant” when deciding who to vote for in the 2024 U.S. Presidential Election.

As a crypto investor, I recently came across some intriguing findings from a survey titled “Americans’ Opinions on Crypto Regulations and Their Impact on Voting.” Out of the 1,004 participants, approximately 16% identified as part of the “Crypto Voting Bloc,” which equates to an estimated 26 million voters. This group includes both Republicans and Democrats who are more likely to support a pro-crypto candidate in elections.

Approximately a quarter (25%) of Democratic voters and around one fifth (21%) of Republican voters acknowledged that a candidate’s support for cryptocurrency could increase their chances of casting a vote for them. This implies that political candidates who are in favor of crypto may potentially secure a notable edge when it comes to election results.

Perianne Boring, the founder and CEO of The Digital Chamber, stated that findings from the Crypto Voter Bloc National Survey serve as a warning bell for decision-makers. This is because the survey indicates that voters who prioritize cryptocurrency may have a significant impact on the outcome of the presidential race, potentially swaying the results in favor of one candidate over another.

Voters are making it abundantly clear – they prefer sensible, well-balanced regulations that shield consumers while still allowing for creative advancements in the crypto field. Adopting a pro-cryptocurrency stance is an effective means for candidates to establish a connection with this rapidly expanding demographic,” expressed Boring.

The data from the survey indicates that approximately 40% of African-American voters stated that a candidate’s views on cryptocurrency could significantly impact their decision, which is nearly twice the percentage of white voters.

Despite a divided opinion among the general public regarding cryptocurrency, with nearly half (46%) expressing neutrality, a majority of both Republican and Democratic respondents consider it crucial for the incoming president and Congress to prioritize crypto as at least a significant issue.

On October 14th, it was stated by Kamala Harris’ campaign team that the potential Democratic presidential candidate intends to develop policies for digital assets that prioritize the security of Black crypto investors. In September, Harris-Walz pledged to find a balance between safeguarding investors and nurturing forward-thinking industries such as cryptocurrencies.

Currently, Donald Trump is suggesting a national Bitcoin reserve and regulatory structures to make the U.S. a global leader in cryptocurrency. Furthermore, he’s introduced a decentralized finance project called World Liberty Financial, which has reportedly approved more than 100,000 accredited investors.

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2024-10-18 12:12