Digital Chamber Survey: 26M US Voters Form ‘Crypto Voting Bloc’ in 2024 Presidential Election

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Digital Chamber Survey: 26M US Voters Form ‘Crypto Voting Bloc’ in 2024 Presidential Election

The Digital Chamber of Commerce recently conducted a survey that suggested that cryptocurrency might be determinative of the 2024 United States Presidential Election. A standpoint highlighted in the above study is that precisely one in seven US voters said a candidate’s position in the emerging asset class would determine their vote.

In the survey “Americans’ Views on Crypto Policies and Their Effects on Voting” conducted among 1,004 people, 16% of voters, or 26 million people at least, can be referred to as the new term ‘Crypto Voting Bloc.’ When asked if they were somewhat or much more likely to vote for a candidate who supports pro-crypto policies, this group of both Republicans and Democrats was in favor.

The figures show a rapidly increasing interest in cryptocurrencies on both sides of the aisle. Thus, the survey shows that 25% of Democrats and 21% of Republicans revealed that a candidate’s position regarding crypto would make them more likely to vote for this candidate. This means that having a pro-crypto solid position may benefit the candidates on the ballots.

Digital Chamber CEO Urges Policymakers to Heed Growing Crypto Voting Bloc

Perianne Boring, Founder and CEO of The Digital Chamber, explained how important this information will be for policymakers. “Voters are broadcasting a message for sensible but robust regulation that engulfs consumers without undercutting innovation. Overwhelming support for cryptocurrencies is one of the presents that candidates cryptocurrency can effectively use to engage this promising voter base,” Boring noted. According to her, the Crypto Voting Bloc can “swing the election” and therefore strongly advises candidates to pay heed.

The survey also presented demographic differences. Interestingly, nearly two-fifths of Black voters indicated that a candidate’s position on crypto policies would influence their vote. This study includes more than twice as many White voters who showed the same attitudes, which could mean that crypto issues may play a critical role in mobilizing minorities’ votes.

The perceptions were somewhat evenly split regarding the importance of regulation and legalization, with 46% of respondents having no strong opinion; however, Republican and Democratic voters believe that the next president and Congress should prioritize cryptocurrencies as medium-high importance.

These statements from the previous and current nominees show their diverse outlooks on cryptocurrency regulation. Democratic presidential candidate Kamala Harris has expressed concern about the policies regarding digital assets that protect Black crypto investors. Harris and her vice president-elect, Gavin Newsom, have stated that they would seek to protect investors while also promoting the growth of things such as cryptocurrency.

On the Republican side, former President Donald Trump offered even loftier plans, such as establishing a national Bitcoin fund. Trump has also ventured into the HYIP (High-Yield Investment Program) specifics of decentralizing finance (DeFi) with World Liberty Financial, which has indicated that it has approved over 100,000 accredited investors.

As the contours of the presidential campaign become clearer, the role of the new emerging Crypto Voting Bloc could be decisive. Anyone wanting to use this influence will probably have to find the balance between policy and invention to guarantee the voice of those perceived as new-age technological individuals, often invoked as millennials and Gen Z, interested in things like cryptocurrencies.

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