Crypto Stance Key for Nearly Half of U.S. Voters in 2024 Election

Nearly half of U.S. voters view a pro-crypto stance as crucial for candidates, signaling a rare bipartisan opportunity as the 2024 election approaches.

A recent HarrisX survey commissioned by blockchain giant Consensys indicates that nearly half of U.S. voters view a pro-crypto stance as important, with 12% more likely to consider candidates from the opposing party if they promote favorable crypto policies.

In a press release on Oct. 1, Consensys revealed that the survey, which included a geographically representative sample of 1,664 registered voters, highlights that 85% of crypto voters expect presidential candidates to adopt pro-crypto positions. More than 90% of crypto owners intend to vote, emphasizing their influence, particularly in swing states like Michigan, Pennsylvania, and Wisconsin with “strong divisions on crypto regulation preferences.”

While 56% of respondents support Donald Trump’s pro-crypto views, only 54% of voters believe it is crucial for Vice President Kamala Harris to clarify her stance on the issue. Trust in crypto regulation is also split, with 35% favoring Republicans, and 32% favoring Democrats, indicating no clear party monopoly on crypto policy.

Additionally, 44% of voters believe that the U.S. government is “doing too little to support the crypto industry.”

When asked what policy position would have a swing on a voter’s likelihood to support a candidate, 78% chose implementing measures to protect consumers from fraud and scams related to cryptocurrencies.

The Political Weight of Crypto in 2024

Crypto has emerged as a significant political issue this election season. A recent report from a major crypto exchange suggests that young crypto voters could play a pivotal role, particularly in battleground states. Gen Z and Millennials now make up 40% of all eligible voters and are increasingly frustrated with the current financial system. Around 25% of voters aged 18-34 own crypto, compared to just 14% of older Americans.

Young Voters and Crypto

This demographic is poised to influence the 2024 election significantly. Many young voters who support crypto are preparing to make their voices heard at the polls, with 51% likely to back candidates who embrace crypto and blockchain.

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