PANews reported on January 8 that according to a two-year study covering 22,000 Americans by the University of Pennsylvania, 41% of Republicans hold cryptocurrencies, higher than the 32% of Democrats. Republicans have a higher level of trust in cryptocurrencies, especially in southeastern states such as Texas, where the adoption rate leads the country. The study pointed out that Republicans tend to support decentralized cryptocurrencies because their decentralized properties are in line with their preference for limited government and personal control. In contrast, Democrats are more supportive of the traditional banking system.
The survey also found that Millennials (aged 25-44) are the main investors in cryptocurrencies, followed by Generation X and younger Baby Boomers. The proportion of men holding coins is twice that of women, but only 7% are willing to accept cryptocurrencies as a form of salary payment. Since Trump was re-elected in 2024, the proportion of Republicans holding cryptocurrency has increased significantly. The Republican Party also plans to propose a comprehensive encryption market supervision bill in the next 100 days to clarify the regulatory framework for the US digital asset industry.