Survey suggests Democrat voters see crypto as slightly more important to election than Republicans News โธ US โธ Election 2024
Survey suggests Democrat voters see crypto as slightly more important to election than Republicans
The survey showed that Black voters do prioritize crypto in upcoming 2024 election.
2 min read
Updated: Oct. 18, 2024 at 3:42 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
A survey by the Digital Chamber, a pro-crypto trade group, reveals that the crypto industry could impact the upcoming US Presidential Election even more than anticipated. An estimated 26 million voters are in the sector’s voting bloc.
The survey found that 16% of the 1,004 respondents, or roughly one in seven, consider a candidate’s stance on crypto to be “extremely” or “very” important in shaping their vote.
This group, dubbed the “Crypto Voting Bloc,” includes voters from both major political parties inclined to back candidates with pro-crypto policies.
Notably, 25% of Democratic and 21% of Republican voters said that a candidate’s position on crypto could influence their support. This data suggests that pro-crypto candidates may have an advantage in the race.
The survey also highlights demographic differences in crypto enthusiasm. About 40% of Black voters indicated that crypto is “very” or “extremely” important in deciding their vote for the 2024 electionโmore than twice the percentage of White voters who said the same.
Additionally, Republican and Democrat respondents agreed that supporting the crypto industry should be a medium-level priority for the next president and Congress.
Meanwhile, the survey also revealed a perception gap among voters: Those planning to vote for Donald Trump believe he supports crypto more than Kamala Harris does, while Harris supporters think the opposite.
Perianne Boring, founder and CEO of the Digital Chamber, stressed that these results should be “a wake-up call for policymakers” as the presidential election is expected to be highly competitive.
Boring added:
“Voters are sending a clear messageโthey want smart, balanced regulation that protects consumers without stifling innovation. Embracing a pro-crypto stance is a powerful opportunity for candidates to connect with this rapidly growing base.”
Unsurprisingly, the two major candidates for the White House have signaled a more favorable stance toward crypto during this election cycle.
However, data from Polymarket indicates that crypto bettors favor Trump’s potential presidency over Harris’s.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Polymarket
Polymarket is a decentralized prediction market platform that enables users to bet on world events using cryptocurrency.
A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
Kamala Devi Harris (born October 20, 1964) is an American politician and attorney serving as the 49th Vice President of the United States.
