Original Title: New Data Reveals the Importance of Pro-Crypto Voters in the Upcoming U.S. Election
Original author: Clarissa Watson
Original source: https://consensys.io/
Translation: Daisy, Mars Finance
New data reveals the importance of pro-crypto voters in the upcoming U.S. election.
A new survey shows that 92% of cryptocurrency owners plan to vote, indicating that pro-crypto voters have an opportunity to play a significant role in web3 policy in the upcoming U.S. election.
As the 2024 U.S. presidential election approaches and in the context of the ongoing over-regulation by the SEC, new data from the nonpartisan market research firm HarrisX reveals the importance of cryptocurrency owners and web3 builders in the upcoming election. 92% of cryptocurrency owners plan to vote, indicating that pro-crypto voters have a significant influence on shaping future crypto policies.
Consensys commissioned this survey as part of an ongoing effort to advocate for regulatory transparency for web3 builders and all supporters of the crypto industry in the U.S.
“There is a misconception that the crypto industry does not want regulation, but that is simply not true. Consensys actively supports the urgent need for regulatory transparency so that this industry, which underpins countless new technologies and innovations, can thrive in the U.S.,” said Joe Lubin, CEO and founder of Consensys and co-founder of Ethereum. “We have operated too long in the shadow of uncertainty, and this poll result shows that crypto issues are bipartisan, with voters calling for clear regulatory policies and support for cryptocurrency.”
This survey was conducted through a geographically representative sample of 1,664 registered voters nationwide, with additional samples of 1,512 to 1,774 registered voters in Pennsylvania, Michigan, Wisconsin, and Texas, conducted from September 4 to September 14, 2024.
“In every state we surveyed, the number of voters supporting cryptocurrency currently exceeds the winning margin from the last presidential election,” said Dritan Nesho, founder and CEO of HarrisX. “The crypto industry has matured, and crypto voters are now an important, engaged, and motivated voting bloc advocating for the protection and development of digital assets and related innovations.”
All of this indicates that as a web3 builder and cryptocurrency owner, you have more power to influence U.S. crypto regulation than you might think. Please download the full report here and continue reading for a detailed analysis of key insights.
Key Insight #1: The crypto community is an influential emerging group of young voters that has not been won over by either party.
The survey results show that cryptocurrency owners are generally well-educated young people with diverse cultural backgrounds and voting intentions. Currently, 19% of U.S. voters own cryptocurrency, with Bitcoin being the most popular asset, accounting for 13%. Additionally, one in three voters is considering investing in cryptocurrency in the coming year.
Key Insight #2: Support for cryptocurrency policies can influence voters and win over 'crypto voters'.
The survey results indicate that 40% of voters are willing to cross party lines if a candidate expresses support for cryptocurrency, while only 27% of voters indicated they would be unwilling. Nearly half (49%) of voters believe that supporting cryptocurrency policy is a key factor that candidates should possess.
On the issue of cryptocurrency, no party has fully figured it out: survey data indicates that people remain quite conflicted about trusting the Republican Party (35%) and the Democratic Party (32%) on crypto policy. About one-third (26%) of voters have not made up their minds, leaving space for any candidate to win over this group.
Most voters (56%) are excited about Donald Trump's support for cryptocurrency, and one-third of voters say it makes them more likely to vote for him.
54% of voters believe Kamala Harris needs to clarify her cryptocurrency agenda, while 55% of voters support her stance on the current over-regulation by the Securities and Exchange Commission (SEC).
Key Insight #3: 40% of voters believe the U.S. government is not doing enough to promote the cryptocurrency industry.
The report shows that 40% of voters believe the U.S. government's efforts to promote the cryptocurrency industry are insufficient, and most express similar concerns about the government’s regulatory actions.
In addition to believing that the U.S. government can do more to promote industry development, the survey results also show five factors that people think the entire industry can improve to increase the adoption of cryptocurrencies:
Enhance consumer and anti-fraud protections.
Provide more information on how cryptocurrency is regulated.
Simplify the user experience of web3 applications and software.
Clarify regulations and their impact on developers and end users.
Increase transparency across all sectors of the industry.
Commit to providing regulatory transparency for web3 builders globally.
Consensys continues to work towards ensuring that web3 builders in the U.S. and globally ultimately achieve the regulatory transparency we deserve to continue building the future of the internet.
Most importantly, we believe this data demonstrates the power of the web3 community to influence policymakers in this election, thereby creating the world we want to live in — a world where decentralized technology supports our digital lives for greater transparency and fairness.
