The Australian elections are almost there and the members of the 48th Australian Parliament will be chosen during the federal elections of 2025. This will take place no later than May 17, 2025.
While Australia is preparing for the federal elections, a new Yougov survey suggests that cryptocurrency investors could play a central role in determining the result, as well as recent American elections.
According to the results of the YouGov survey dated February 16, 2025, an important part of the electorate leans towards candidates with pro-Crypto policies.
While young Australians seem more inclined to pro-Crypto policies, older voters remain skeptical.
Evening news update # Web3
An SWYFTX survey shows that 2 million Australian cryptography investors could influence the next federal elections, with 59% promoting Pro-Crypto candidates.
– Coinrank (@coinrank_io) February 20, 2025
An SWYFTX survey shows that 2 million Australian cryptography investors could influence the next federal elections, with 59% promoting Pro-Crypto candidates.
22% of Australian voters have invested in the crypto
The survey, commanded by Australian Crypto Exchange Swyftx, revealed that around 22% of Australian voters have invested in cryptocurrency. This results in about four million adults.
Among these, 59% said they are more likely to support candidates who plead for pro-Crypto policies. This potential pro-Crypto voting block of two million Australians is large enough to influence the main electoral battlefields.
“For the first time in our political history, we are about to participate in a federal election with a crypto voting block which is large enough and sufficiently motivated to swing the result,” said Jason Titman, CEO of Swyftx. In addition, Titman insisted that this group was mainly rich, under the age of 50 and concentrated in suburban areas – often essential regions to decide on electoral results.
The survey revealed that 18% of voters over 50 are less likely to support Pro-Crypto politicians. Could this make a challenge for candidates who seek to call through generational lines?
Titman recognized this gap and called for better communication from the cryptographic industry.
“I fully accept that our sector must do a better job to spell the advantages of productivity and investment of crypto technology to non-crypto users,” he said
Explore: Australian Bitcoin Automatic Distributors develop quickly, catching up Europe
Political implications: Labor Coalition V / S
The Yougov survey shows the central-right coalition, directed by Peter Dutton, as a favorite.
The coalition should ensure 73 seats – just three less than the 76 necessary for a majority, during this time, the Labor Party in place in the center -left, led by Prime Minister Anthony Albanese, faces a difficult battle to preserve the power .
In particular, Australia has witnessed the growing interest in cryptocurrency in recent years, but regulatory uncertainty has hampered its full adoption.
Australian regulators or the Australian Transaction Reports and Analysis Center (Austrac) have suppressed more than 50 cryptocurrency exchanges to apply compliance with anti-balances (AML) and financing the fight against terrorism (CTF).
On February 17, 2025, the Austrac published a press release revealing that the agency took “measures against 13 suppliers of funds from digital exchange with more than 50 more in sight”.
In 2024, nine suppliers had their registrations canceled due to non-compliance. Meanwhile, two crypto service providers were placed in strict conditions, with Austrac warning that new violations could lead to an end.
Explore: Australian Regulator Austrac examines 50 cryptography service providers, takes measures against 13
Main to remember
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An SWYFTX survey shows that 2 million Australian cryptography investors could influence the next federal elections, with 59% promoting Pro-Crypto candidates.
Voters of the crypto post could swing the Australian federal elections, reveals the Yougov survey appeared first on 99Bitcoins.
