THE next US presidential election fast approaching, and the crypto position of the candidates became an important point of the campaign that many could have hoped for. According to a recent survey led by Consensys, A majority of crypto owners plan to vote in the presidential election, and nearly half of these voters consider a pro-crypto stance a crucial factor in their selection of political candidates.
The Rise of Crypto Awareness Among Voters
THE recent study conducted by Consensys, in partnership with HarrisX, highlighted the growing importance of the crypto industry among a young, upcoming voting base. According to the study, 92% of crypto owners in the United States plan to vote for the next president. Interestingly, the number of crypto-motivated respondents ready to vote was higher than the margin of victory in the last presidential election in every state where the study was conducted.
The study found that pro-crypto politics was a crucial factor for voters in the election, with 49% believing it is important for their preferred candidate to fully participate. What is more surprising is that 40% of voters surveyed are willing to change their preferred party if a candidate expresses pro-crypto views, while 27% are not.
In terms of government policies, many respondents believe that the U.S. government lags behind in crypto regulation compared to other crypto-forward countries. In particular, 44% of voters believe the U.S. government is not doing enough to encourage industry growth. This sentiment is particularly valid, given the The History of the SEC Crackdown on the industry.
Consensus moves forward
The crypto industry’s presence in the United States has grown significantly since the last presidential election. In the future, the influence of cryptocurrencies on political campaigns will likely increase. As more voters embrace digital assets, candidates will be forced to integrate crypto-related policies into their platforms.
According to the report, 19% of American voters currently own cryptocurrencies. This figure is expected to increase in the coming years, with one in three voters saying they are likely to invest in crypto in the next year. Unsurprisingly, Bitcoin is the most common asset, with 13% of US voters having Bitcoin in their wallet.
Looking ahead, respondents’ opinions are divided as to which political party is best equipped to best navigate the crypto industry. The study shows that 35% of respondents trust the Republican Party, while 32% trust the Democratic Party to enact good crypto policies. On the other hand, 26% have not yet decided.
However, 56% of those surveyed are satisfied Donald Trump’s recent crypto-positive campaigns, while 54% think Kamala Harris must clarify his crypto game plan. 33% of respondents are more likely to change their preferred candidate if she takes a pro-crypto stance.
Featured image from Pexels, chart from TradingView
