A study by the Digital Chamber, a cryptocurrency advocacy industry group, has revealed that the cryptocurrency industry may have more influence on the upcoming U.S. presidential election than expected. There are an estimated 26 million voters in this sector's voting bloc.
The survey found that 16% of 1,004 respondents, or roughly 1 in 7, believed that a candidate's stance on cryptocurrencies was “very” or “extremely” important in shaping their vote. It turned out that there was.
Dubbed the “crypto voting bloc,” this group includes voters from both major political parties who tend to support candidates with pro-crypto policies.
Notably, 25% of Democratic voters and 21% of Republican voters said a candidate's position on cryptocurrencies could influence their support. This data suggests that pro-cryptocurrency candidates may have an advantage in the election.
The survey also highlights demographic differences in crypto enthusiasm. Approximately 40% of Black voters say cryptocurrencies are “very” or “extremely” important when deciding to vote in the 2024 election, which is higher than the percentage of white voters who said the same. It has more than doubled.
Additionally, Republican and Democratic respondents agreed that supporting the crypto industry should be a moderate priority for the next president and Congress.
However, the survey also revealed a gap in perception among voters. Those who plan to vote for Donald Trump believe that Trump is more pro-crypto than Kamala Harris, while Harris supporters believe the opposite is true.
Digital Chamber founder and CEO Perianne Bowling said the results should serve as a “wake-up call to policymakers” as the presidential election is expected to be fiercely competitive. emphasized.
Boring addition:
“Voters are sending a clear message that they want smart, balanced regulation that protects consumers without stifling innovation. This is a powerful opportunity to connect with a rapidly growing base.”
Unsurprisingly, the two leading candidates for the White House have taken more favorable stances toward cryptocurrencies during this election cycle.
However, according to Polymarket data, crypto bettors are more supportive of Trump's potential presidential bid than Harris.
