As the 2024 US election approaches, blockchain and cryptocurrencies are emerging as major topics for voters.
A recent study by Consensys and HarrisX confirmed that cryptocurrencies can play a pivotal role in shaping voter decisions.
What were the findings of the survey?
The study, which surveyed more than 1,600 registered voters nationwide, found that nearly half of voters appreciated the pro-crypto stance, with 92% of crypto owners planning to vote.
The results highlight a rare opportunity for bipartisan cooperation for candidates, as many voters are willing to cross party lines to support policies that benefit cryptocurrencies.
Dritan Nesho, founder and CEO of HarrisX, commented on the changes in the crypto space during this election cycle:
“The crypto industry has matured and the crypto voter is now a significant, active and motivated constituency to protect and develop digital assets and related innovations.
It is no surprise that this bloc of voters, easily attracted to any presidential campaign, could tip the balance in an election that is increasingly likely to be decided by a close margin.”
Voters' feelings
The survey revealed several notable trends in voters' feelings toward cryptocurrencies.
See also: Kamala Harris Breaks Silence on Cryptocurrency: Report
While 50% of voters nationwide consider cryptocurrency an important issue, that percentage jumps to 85% among cryptocurrency owners.
Interestingly, both Donald Trump and Kamala Harris have nearly equal support for their pro-crypto public policies, with 56% and 55% respectively.
However, a major concern raised by 54% of voters is that Harris needs to further clarify her stance on cryptocurrency regulations, as the lack of clarity in current regulation emerged as a major issue in the survey data.
Additionally, state-level polling revealed a notable trend — while Republicans have an edge in all four states to lead cryptocurrency policy, Democratic candidates are making headway among cross-party voters due to their pro-crypto stance.
With the exception of Texas, Democratic opponents are making headway in states like Pennsylvania, Michigan and Wisconsin, where their pro-crypto stance is gaining traction.
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In these key swing states, where electoral margins are often narrow, such policies can play a key role in influencing voter decisions and potentially tilt the balance in upcoming races.
Trump vs Harris
As seen, Donald Trump’s efforts to appeal to crypto voters seem to be having an impact, as his strong pro-crypto stance is receiving support from a section of the electorate.
Trump has taken an assertive approach, criticizing current crypto regulations and promising to remove SEC Chairman Gary Gensler if elected.
Meanwhile, Vice President Kamala Harris has also begun reaching out to the crypto community, notably her first public engagement with the industry.
At a fundraiser in New York City, Harris emphasized the importance of new technology, including AI and digital assets, signaling a possible change in her campaign’s approach to cryptocurrencies.
See also: Kamala Harris's Cryptocurrency Plan: Late but Important?
Other surveys reveal the same thing.
This survey is not unique as a recent survey conducted by Harris Poll on behalf of Grayscale also highlighted the growing importance of cryptocurrencies in the upcoming 2024 election, nicknamed “Bitcoin Election 2024.
The results show that about 32% of voters are more interested in learning about or investing in cryptocurrencies than they were at the beginning of the year.
This shift reflects the increasingly important role of digital assets in shaping voter sentiment and political discourse as elections approach.
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