A recent ConsenSys and HarrisX study, published on October 2, highlights the growing significance of crypto-friendly policies in shaping voting decisions for the 2024 US presidential election. The report shows that 92% of cryptocurrency owners plan to vote, signaling that candidates must address crypto-related issues to engage this influential voter base.
49% of US Voters Consider Cryptocurrency Important in 2024 Election
The study reveals that 49% of US voters view a candidate’s stance on cryptocurrency as an important factor in their voting decision. Among crypto owners, 85% express a strong preference for candidates who support pro-crypto policies, and 92% of them are committed to voting in the 2024 election.
Additionally, 27% of respondents are more inclined to back candidates advocating for crypto policies, reflecting a growing shift towards crypto-positive candidates.
Crypto Voters Favor Candidates Supporting Pro-Crypto Policies
The study also shows that 85% of crypto-owning voters believe it is essential for candidates to support crypto policies. Moreover, US voters are 13% more likely to support pro-crypto candidates, a figure that rises to 58% among cryptocurrency owners. However, despite this rising interest, many voters still view cryptocurrency as “too risky,” which remains a major obstacle to broader investment.
Key issues such as clearer regulatory frameworks and improved consumer protections would increase voter confidence in investing in cryptocurrencies, highlighting the need for more robust policies.
Gap in Crypto Education Among US Voters
The survey exposes a notable gap in crypto education. Only 17% of voters reported a solid understanding of cryptocurrency, and over half admitted to having little to no knowledge. In a crypto knowledge test, fewer than 10% could match crypto terms with their correct definitions. As voter education improves, cryptocurrency could become an even more decisive issue in shaping political choices.
US Voters Seek Clarity on Crypto Policy for 2024 Election
As the 2024 presidential election nears, US voters are divided on which political party they trust on cryptocurrency issues. Republican candidate Donald Trump has actively supported cryptocurrency and criticized President Biden’s administration for restrictive regulations. Trump even launched a crypto platform, World Liberty Financial, with plans for its token.
On the other hand, Democratic candidate Kamala Harris has expressed her intent to support cryptocurrency and AI. The survey indicates that 56% of voters back Trump’s pro-crypto policies, while 55% favor Harris’s stance against restrictive Securities and Exchange Commission (SEC) regulations.
Despite these figures, voters remain nearly evenly split, with 35% favoring Republicans and 32% backing Democrats on cryptocurrency policies.
State-Level Trends and Political Impact
The survey reveals interesting state-level dynamics. In key battleground states like Pennsylvania, Michigan, Wisconsin, and Texas, voters lean slightly toward Republican candidates on crypto policies. However, except for Texas, Democratic candidates could gain traction by adopting pro-crypto policies. For example, 38% of voters in Pennsylvania trust Republicans on crypto issues, while 36% trust Democrats.
As the election approaches, cryptocurrency is shaping up to be a crucial factor in determining how voters trust and choose their candidates, especially as they demand more clarity, particularly from Kamala Harris, on crypto policy.
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