Half of US Voters Back Pro-Crypto Policies

Half of US Voters Back Pro-Crypto Policies

By Jakub Lazurek

02 Oct 2024 (2 hours ago)

2 min read

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A new survey shows 50% of US voters support pro-crypto policies, with Republicans slightly ahead but Democrats gaining more cross-party support.

A new survey by Consensys and HarrisX reveals that 50% of US voters support pro-crypto policies, with a striking 85% of crypto owners viewing it as a key voting issue. Among crypto owners, 92% said they are likely to vote, indicating that they could be an influential group in upcoming elections.

The survey found Republicans are slightly ahead in perceived crypto-friendliness, but Democrats gain more from cross-party support. This balance means neither party has a decisive edge in attracting the pro-crypto voter base. Swing states like Pennsylvania, Michigan, and Wisconsin are expected to be pivotal, as they showed a slight Republican preference in setting crypto policies. However, in states like Texas, Democrats gain more cross-party support, thanks to their perceived friendliness toward crypto regulation.

The study looked at various key topics, including voters' opinions on crypto regulations, which they say lack clarity. Donald Trump’s policies garnered 56% support, while Kamala Harris received 55%, making it a closely divided issue. Voters believe both parties are nearly equally trustworthy to establish crypto policies, but a significant 54% feel Harris needs to clarify her stance. This could be crucial, given the thin margins in swing states that could decide the outcome.

According to Dritan Nesho, CEO of HarrisX, the growing number of crypto voters could sway elections in states where margins were slim in the last presidential race. He noted that, in some battleground states, there are now more crypto-motivated voters than the margin of victory in previous elections. All four swing states in the survey showed a slight Republican preference, but only Texas had a clear GOP advantage. In other states like Pennsylvania and Michigan, Democratic candidates benefit from policies appealing to crypto owners crossing party lines.

Consensys CEO Joe Lubin emphasized that the crypto community wants clear regulations, contradicting the perception that the sector opposes all rules. “The results show that crypto is a bipartisan issue. Voters want a balanced and supportive stance,” Lubin stated.

The overall takeaway is that voters see crypto as an important issue for the country’s economic future, but feel the government has not done enough to provide regulatory clarity. This leaves an opening for either party to appeal to this growing group by establishing firm, supportive crypto policies.

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