In the run-up to the 2024 US presidential election, a poll by blockchain software technology firm ConsenSys shows that pro-crypto voters will have a significant impact on the regulatory environment.
In light of the US Securities and Exchange Commission's (SEC) continuing regulatory investigation, the poll provides important information on voter preferences and attitude toward former president Donald Trump and current vice president Kamala Harris.
The Intention of Crypto Owners to Influence Election Results
The study found that almost all crypto owners (92%) want to cast a ballot in the next election. This shows how much power voters with digital assets will have when the polls close in less than two months to determine public policy.
The need for clear regulations in the cryptocurrency industry was highlighted by Joe Lubin, co-founder of Ethereum and CEO of ConsenSys, who said, "There's a myth that the crypto sector doesn't want regulation, but that's simply not true."
Several significant patterns were uncovered by the study, which surveyed 1,664 registered voters nationwide and extra respondents in important states such as Pennsylvania, Michigan, Wisconsin, and Texas.
About 19% of American voters have some kind of digital asset holdings, with Bitcoin (BTC) being the most popular token among them. In addition, 33% of respondents say they are open to investing in cryptocurrencies in the next year.
Ex-President Trump and Vice President Harris have a chance to win over the new electorate, as the poll revealed that 40% of people are willing to switch parties to support a candidate who supports crypto ideas.
A large 54% of respondents think that Kamala Harris should explain her position on the matter, while 56% of respondents are pleased about Trump's support for the digital asset industry. This is one of the most crucial components of the study.
Voters are aligning with the previous president's promises, even though Harris recently said that she will favor the expansion of technological sectors, particularly digital assets and artificial intelligence (AI), if elected president.
Forty percent of Americans think the federal government isn't doing enough to encourage the sector's expansion. Consumer safeguards, regulatory information clarity, web3 application usability, and industry-wide openness were among the many issues cited by respondents as needing improvement.
It Is Critical That Both Parties Respond To Voters' Worries
The poll highlights the growing number of crypto voters who are passionate about supporting the development and security of digital assets, describing them as a "powerful and engaged" demographic as the 2024 election approaches.
According to Dritan Nesho, Founder and CEO of HarrisX, "In each state we polled, there are today more crypto-motivated voters than the last presidential electionâs margin of victory." This highlights the increasing number of voters driven by cryptocurrency.
Given that over half of respondents think a candidate's pro-digital asset attitude is vital for gaining their support, this implies that both parties have a strong motivation to address the concerns of crypto voters.
