A recent survey conducted by Consensys and HarrisX reveals that 49% of U.S. voters consider cryptocurrency policies an important factor when deciding who to vote for.
The study, conducted in September 2024, surveyed over 1,600 registered voters across the U.S., with additional samples from key swing states such as Texas, Wisconsin, Michigan, and Pennsylvania. The findings underscore the growing significance of crypto in American politics as voters increasingly demand clarity on regulations and policies.
Pro-Crypto sentiment and party lines
According to the report, 13% of voters are willing to cross party lines to support a pro-crypto candidate. In comparison, 85% of voters expect candidates to adopt a pro-crypto stance. This sentiment reflects the growing influence of cryptocurrency in shaping voter behavior. However, 44% of respondents expressed dissatisfaction with the current government’s efforts to support the crypto industry.
US Voters Voting Pattern (Source: Consensys)
Joe Lubin, founder of Consensys, emphasized the bipartisan nature of the issue, stating that voters are looking for clear and supportive policies from candidates on both sides of the political spectrum. Despite this, voters remain divided on the extent of government regulation required for the industry.
Demand for regulatory clarity
A central theme in the report is the demand for regulatory clarity in the crypto space. While most voters agree on the need for consumer protection, opinions vary on the approach. In Michigan, for example, 59% of voters favor a free-market approach, while 41% prefer stricter government oversight.
The study also revealed that 78% of voters believe consumer protection from crypto-related scams and frauds should be a priority. This shows that while there is strong support for cryptocurrency, voters want measures to safeguard their investments and ensure transparency in the industry.
Political implications in the 2024 elections
With 92% of crypto owners planning to vote in the upcoming elections, the crypto issue can potentially sway the outcome, particularly in key swing states. The study found that 56% of crypto voters support Donald Trump due to his pro-crypto stance, with around one-third backing him primarily for that reason. However, Kamala Harris could still gain traction, as 54% of voters want her to clarify her position. Since the survey, Harris has publicly expressed her support for the crypto industry, but voters remain undecided.
The divide extends to political parties as well. While 35% of voters back the Republican Party to lead on crypto policies, 32% support Democrats. This uncertainty presents a critical opportunity for candidates willing to embrace a clear pro-crypto stance, especially in battleground states like Michigan, Wisconsin, and Pennsylvania.
Experts, including HarrisX CEO Dritan Nesho, believe crypto voters could be crucial in determining the election’s outcome, particularly as both parties seek to win over this engaged and influential voter block. The demand for a solid crypto policy is becoming decisive in U.S. politics as the industry matures.
The post Nearly Half of U.S. Voters See Crypto as a Key Electoral Issue, New Study Shows first appeared on Coinfea.