As the 2024 U.S. elections approach, cryptocurrency is emerging as a major factor for millions of voters. A recent survey by The Digital Chamber, released on October 17, revealed that around 26 million U.S. voters—roughly one in seven—consider pro-crypto policies as a top priority when choosing a candidate. These voters, forming what is now being referred to as a “Crypto Voting Bloc,” are much more likely to support candidates who advocate for favorable crypto regulation.
The survey found that 16% of 1,004 respondents described cryptocurrency as either “extremely” or “very” important in their voting decisions. This voting bloc cuts across political lines, with both Democrats and Republicans placing considerable weight on a candidate’s stance on cryptocurrency.
According to the report, 25% of Democrats and 21% of Republicans indicated that a candidate’s support for the crypto industry would positively influence their voting choices.
Cryptocurrency Policy as a Decisive Factor
Perianne Boring, CEO and founder of The Digital Chamber, stated that the findings are a “wake-up call” for policymakers. “With tight margins expected across key races, this bipartisan Crypto Voting Bloc could tip the balance,” Boring said. She added that voters are demanding “smart, balanced regulation that protects consumers without stifling innovation,” urging lawmakers to take notice as the election nears.
Interestingly, the survey revealed that crypto policies resonate particularly strongly with Black voters. Two in five Black respondents said a candidate’s position on cryptocurrency was a crucial factor in their voting decision, a rate more than double that of white voters.
Bipartisan Consensus, but Other Issues Still Take Precedence
While the survey highlights growing bipartisan interest in cryptocurrency, it also shows that both parties have other key concerns. A Pew Research report last month found that the economy ranked as the top issue for 81% of respondents, far surpassing any mention of crypto.
Republican voters, particularly those backing Donald Trump, focused on the economy, immigration, and crime, while Democratic candidate Kamala Harris’ supporters placed healthcare and Supreme Court appointments as major issues alongside the economy.
As the November 5, 2024 elections approach, the influence of this Crypto Voting Bloc could become a decisive factor in tight races across the country. Meanwhile,
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