Research Highlights Bitcoin And Crypto Stance As Key Upcoming US Election Factors
The next US presidential election is nearing, and candidates' crypto stances are becoming more crucial than thought. Consensys found that most crypto owners want to vote in the presidential election, with almost half finding a pro-crypto position vital.
According to a Consensys-HarrisX research, young voters are more interested in crypto. The analysis found that 92% of US crypto owners would vote for the next president. In every state studied, crypto-motivated voters outnumbered the previous presidential election's margin.
Voters prioritized pro-crypto policy in the election, with 49% saying their candidate must support it. More shocking is that 40% of people would switch parties if a politician were pro-crypto, compared to 27% who would not.
Many respondents think the US government is behind other crypto-forward nations in crypto rules. In particular, 44% of voters think the US government is not doing enough to promote industrial development. Given the SEC's industry crackdown, this feeling is especially true.
The US crypto business has risen significantly since the last presidential election. In the future, bitcoin may impact political campaigns more. As more people adopt crypto, politicians must include crypto policy in their agendas.
The research says 19% of U.S. voters hold bitcoin. This is anticipated to rise, with one in three voters planning to invest in crypto next year. Bitcoin is the most popular asset, with 13% of US voters owning it.
In the future, respondents disagree on which political party can best handle the crypto business. According to the research, 35% of respondents trust the Republican party and 32% the Democratic party to get crypto policy right. However, 26% are undecided.
However, 56% of respondents approve of Donald Trump's crypto-positive efforts, and 54% say Kamala Harris should explain her crypto strategy. 33% of respondents will switch candidates if she supports crypto.
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