Crypto Policy Gains Key Role in 2024 US Election
The Essentials in Brief
- Nearly 50% of US voters consider a pro-crypto stance crucial for the 2024 election.
- 92% of crypto owners plan to vote in the election.
- Both Donald Trump and Kamala Harris receive support for their pro-crypto policies.
- The survey suggests a bipartisan opportunity for candidates who support crypto.
Voter Opinion on Cryptocurrencies: A Key Factor for the 2024 Election
A recent survey by Consensys and HarrisX indicates that cryptocurrencies could play a central role in the upcoming US elections in 2024. Nearly half of the surveyed voters see a pro-crypto policy as crucial to their voting decision. Notably, 92% of crypto owners are determined to cast their vote.
Survey Results in Detail
The survey, which polled over 1,600 registered voters in the US, revealed that nearly 50% of voters consider a pro-crypto stance important. The issue is particularly significant among crypto owners: 85% of them stated that cryptocurrencies play a central role in their voting decision. These results present a rare bipartisan opportunity for candidates, as many voters are willing to reconsider their party affiliation for a pro-crypto policy.
Dritan Nesho, founder and CEO of HarrisX, emphasized: “The crypto industry has matured, and crypto voters are now an important, engaged, and motivated part of the electorate, advocating for the protection and growth of digital assets.”
Trump and Harris: Two Candidates with Pro-Crypto Views
Both Donald Trump and Kamala Harris received nearly equal support for their pro-crypto policies in the survey. Trump leads slightly with 56%, while 55% of respondents support Harris for her stance on cryptocurrencies. However, 54% of voters believe Harris needs to clarify her position on crypto regulations, as the lack of regulatory clarity is seen as a major issue.
State-Level Trends: Democrats Gaining Ground
At the state level, the survey shows that Republicans are slightly favoured in four key states when it comes to crypto policy. However, Democrats, particularly in Pennsylvania, Michigan, and Wisconsin, are gaining ground, as their pro-crypto positions resonate well with voters who typically swing between parties. In these so-called “swing states,” crypto policies could secure the decisive votes.
Other Surveys Confirm the Trend
This survey is not the only one highlighting the growing importance of cryptocurrencies in the 2024 election. Another survey, conducted by Harris Poll on behalf of Grayscale, showed that about 32% of voters this year are more open to learning about or investing in cryptocurrencies. This underscores how significantly digital assets are influencing the political landscape.
Our Assessment
The survey results indicate that cryptocurrencies are becoming an increasingly important factor in US politics. For candidates looking to mobilize voters, a clear and supportive stance on digital assets could be crucial. Especially in swing states, where elections are often decided by narrow margins, crypto policy could tip the scales. It will be interesting to see how candidates position themselves in the coming months.
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