A recent survey conducted by blockchain software technology company ConsenSys, reveals the importance of pro-crypto voters in shaping the regulatory landscape as the 2024 US presidential election approaches.
Amid ongoing regulatory scrutiny from the US Securities and Exchange Commission (SEC), the survey reveals critical insights into voter sentiment and preferences between former President Donald Trump and current Vice President Kamala Harris.
Crypto Owners’ Intent To Shape Election Outcomes
According to the survey, 92% of crypto owners intend to vote in the upcoming election, showcasing the significant influence that digital asset voters can exert on policy decisions after the elections take place in less than two months.
Joe Lubin, CEO and Founder of ConsenSys and Co-Founder of Ethereum, emphasized the necessity for regulatory clarity in the crypto sector, stating, “There’s a myth that the crypto sector doesn’t want regulation, but that’s simply not true.”
The survey, which polled 1,664 registered voters nationally and additional respondents in key states like Pennsylvania, Michigan, Wisconsin, and Texas, revealed several noteworthy trends.
Approximately 19% of US voters currently own digital assets, with Bitcoin (BTC) being the most favored token among respondents. Moreover, one in three voters indicates a willingness to invest in cryptocurrency within the next year.
Notably, the survey found that 40% of voters are open to crossing party lines if a candidate advocates for pro-crypto policies, presenting an opportunity for both the former President Trump and Vice President Harris to appeal to the emerging electorate.
However, one of the most important aspects of the survey shows that 56% of respondents are enthusiastic about Trump’s support for the digital asset sector, with a significant 54% believing that Kamala Harris needs to clarify her stance on the issue.
This is despite Harris’ recent comments promising to promote the growth of technology sectors, including artificial intelligence (AI) and digital assets, if elected president, leading voters to align towards the former President’s proposals.
A substantial 40% of voters feel the US government is not doing enough to support the industry’s growth. Respondents identified several areas for improvement, including enhancing consumer protections, providing clearer regulatory information, simplifying user experiences with web3 applications, and improving transparency within the industry.
Both Parties Urged To Address Voter Concerns
As the 2024 election draws nearer, the survey notes that the emerging crypto electorate represents a “powerful and engaged” group of voters advocating for the growth and protection of digital assets.
Dritan Nesho, Founder and CEO of HarrisX, noted the growing presence of crypto-motivated voters, stating, “In each state we polled, there are today more crypto-motivated voters than the last presidential election’s margin of victory.”
This suggests that both parties have a compelling incentive to address the concerns of crypto voters, particularly as nearly half of respondents believe a candidate’s pro-digital asset stance is crucial for earning their vote.
Featured image from DALL-E, chart from TradingView.com
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