In a recent survey conducted by The Digital Chamber, it was revealed that a significant portion of US voters are part of what is being called the “crypto voting bloc” for the upcoming 2024 presidential election. The survey found that one in seven respondents stated that a candidate’s stance on cryptocurrency could determine who they vote for in the election.
The Digital Chamber, a digital asset sector trade association, conducted the survey titled “Americans’ Views on Crypto Policies and Their Effects on Voting” and found that 16% of their 1,004 respondents belonged to the “Crypto Voting Bloc.” This bloc is estimated to consist of 26 million voters who are Republicans and Democrats and are more likely to vote for a candidate who supports cryptocurrency.
Interestingly, the survey also revealed that 25% of Democrats and 21% of Republicans admitted that a candidate’s stance on crypto could positively impact their likelihood of voting for them. This suggests that candidates who are pro-crypto may have an advantage at the polls.
Perianne Boring, the Founder and CEO of The Digital Chamber, emphasized the importance of these survey results, stating that policymakers should take note of the growing influence of voters who prioritize crypto issues. Boring highlighted the need for smart and balanced regulation that protects consumers while fostering innovation, and noted that embracing a pro-crypto stance could help candidates connect with this rapidly expanding voter base.
The survey also showed that two in five Black voters stated that a candidate’s crypto policies would greatly influence their vote, indicating a strong interest in cryptocurrency within this demographic. Additionally, while the wider public’s sentiment towards crypto remains mixed, with 46% of respondents feeling neutral about it, most Republican and Democrat respondents believe that crypto should be a medium-level priority for the new president and Congress.
In terms of specific candidates, Kamala Harris has pledged to support digital asset policies that protect Black crypto investors, while Donald Trump has proposed plans to establish a national Bitcoin reserve and regulatory frameworks to position the US as the world’s crypto capital. Trump has also launched a decentralized finance project called World Liberty Financial, which has reportedly whitelisted over 100,000 accredited investors.
Overall, the survey results indicate a growing interest in cryptocurrency among US voters and suggest that candidates who embrace a pro-crypto stance may have an advantage in the 2024 presidential election. It will be interesting to see how these findings impact the candidates’ campaign strategies and policy proposals in the coming months.