One in seven US voters in a survey conducted by The Digital Chamber state a candidateβs crypto stance could determine who gets their vote in the upcoming presidential election.
The Importance of Crypto Policies in the 2024 US Presidential Election
The Digital Chamber, a digital asset sector trade association, found that 16% of their respondents said crypto was βextremelyβ or βveryβ important in determining who gets their vote for the US Presidential Election 2024. This group, termed the βCrypto Voting Bloc,β represents an estimated 26 million voters, including both Republicans and Democrats who are inclined to support a pro-crypto candidate.
Crypto Voting Bloc: A Potential Game Changer
According to the survey titled βAmericansβ Views on Crypto Policies and Their Effects on Votingβ, 25% of Democrats and 21% of Republicans admitted that a candidateβs stance on crypto could positively impact their likelihood of voting for them. This indicates that presidential candidates with a pro-crypto stance might gain a significant edge at the polls.
βVoters are sending a clear messageβthey want smart, balanced regulation that protects consumers without stifling innovation. Embracing a pro-crypto stance is a powerful opportunity for candidates to connect with this rapidly growing base,β said Perianne Boring, Founder and CEO of The Digital Chamber.
Demographic Insights
The survey results also reveal that two in five Black voters stated a candidateβs crypto policies would greatly influence their vote, which is more than double the portion of white voters. Despite the wider public’s mixed sentiment towards crypto, with 46% of respondents feeling neutral, most Republican and Democrat respondents believe that crypto should be at least a medium-level priority for the new president and Congress.
Pro-Crypto Policies from Leading Candidates
On October 14, Kamala Harrisβ campaign team announced that the Democratic presidential candidate aims to support digital asset policies that protect Black crypto investors. In September, Harris-Walz committed to balancing investor protection with support for innovative industries like cryptocurrencies.
Meanwhile, Donald Trump has proposed plans to include a national Bitcoin reserve and regulatory frameworks to position the U.S. as the worldβs crypto capital. Trump also launched a decentralized finance project known as World Liberty Financial, claiming to have whitelisted over 100,000 accredited investors.
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