Crypto Voting Bloc: 26 million voters to impact 2024 US election

October 18, 2024
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Crypto Voting Bloc: 26 million voters to impact 2024 US election

Photo credit: Cottonbro Studios/Pexels

A new national survey by the Digital Chamber highlights the growing impact of cryptocurrency on U.S. politics, with 1 in 7 likely voters identifying as part of a "Crypto Voting Bloc." The survey reveals that 16% of voters—about 26 million people—view a candidate's stance on cryptocurrency as crucial to their decision in the 2024 elections.

Both Democrats (25%) and Republicans (21%) show strong support for pro-crypto candidates, with the majority of respondents across party lines calling for Congress and the President to prioritize crypto regulation.

Perianne Boring, CEO of the Digital Chamber, stated that this could significantly influence tight races, as the public demands balanced regulation that protects consumers without stifling innovation.

The "crypto bloc" also reflects broader dissatisfaction with current regulations surrounding digital assets, with a growing demand for more industry-friendly policies. 

The Chamber of Digital Commerce, which has launched its "Vote for Crypto" initiative, aims to mobilize this substantial voter base and push for clearer, innovation-supporting regulations.

Interestingly, while 46% of respondents remain neutral about crypto, those familiar with digital assets have a more positive view (29% positive vs. 25% negative). The survey also suggests that increased familiarity with crypto correlates with greater trust in government regulation of the industry.

With digital assets becoming more central to political discourse, the 2024 elections could see the crypto community influencing key policy decisions, not just at the federal level but across states with competitive races.

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