As the next US presidential election approaches, candidates’ stance on cryptocurrencies has become a more important point in their campaigns than many expected. According to a recent survey conducted by ConsenSys, the majority of crypto holders plan to vote in the presidential election, and about half of voters believe that pro-crypto stance is an important factor when choosing a political candidate. I think there is.
Growing awareness of virtual currencies among voters
A recent study conducted by Consensys in partnership with HarrisX highlights the growing importance of the crypto industry among future young voters. According to the survey, 92% of US crypto holders plan to vote for the next president. Interestingly, the number of crypto-motivated respondents willing to vote exceeded the margin of victory in the previous presidential election in every state surveyed.
The survey found that pro-crypto policies are an important factor for voters in the election, with 49% believing it is important for their go-to candidate to be fully committed to it. Even more surprising, 40% of respondents who are voters would be willing to change their preferred political party if a candidate expressed pro-crypto views, compared to 27% who would not. That’s it.
When it comes to government policy, many respondents believe that the U.S. government lags behind other crypto-developed countries in regulating cryptocurrencies. Specifically, 44% of voters believe the U.S. government is not doing enough to foster industry growth. This opinion is especially valid given the SEC’s history of strangling the industry.
BTC is currently trading at $62.032. Chart: TradingView
Future consensus
Since the last presidential election, the presence of the cryptocurrency industry in the United States has increased significantly. The influence of virtual currencies on political activities is likely to increase further in the future. As more voters support digital assets, candidates will be forced to incorporate crypto-related policies into their platforms.
According to the report, 19% of US voters currently own cryptocurrencies. This proportion is expected to increase further in the coming years, with one in three voters saying they are likely to invest in cryptocurrencies next year. Unsurprisingly, Bitcoin is the most popular asset, with 13% of US voters having it in their portfolio.
Looking ahead, respondents are divided on which political party is best suited to better steer the crypto industry. According to the survey, 35% of respondents trust Republicans and 32% trust Democrats to get crypto policy right. On the other hand, 26% are still undecided.
However, 56% of respondents are satisfied with Donald Trump’s recent crypto-friendly campaign, and 54% think Kamala Harris needs to elaborate on her crypto strategy. 33% of respondents would be more likely to change their preferred candidate if she took a pro-crypto stance.
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