The upcoming US presidential election is quickly approaching, and an unexpected campaign point has emerged – the crypto stance of the candidates. A recent survey conducted by Consensys has revealed that a majority of crypto owners are planning to vote in the election, with nearly half of these voters considering a pro-crypto stance to be a crucial factor in their selection of political candidates.
The study, carried out in partnership with HarrisX, highlighted the increasing importance of the crypto industry among a young voter base. According to the survey, 92% of crypto owners in the US plan to vote for the next president. What’s even more striking is that the number of crypto-motivated respondents willing to vote surpasses the margin of victory in every state from the last presidential election.
The research found that a pro-crypto policy is a significant factor for voters, with 49% believing it’s important for their preferred candidate to support it. Surprisingly, 40% of respondents are willing to switch their party allegiance if a candidate expresses pro-crypto views, while 27% are not.
In terms of governmental policies, many respondents feel that the US government is lagging behind in terms of crypto regulations compared to other countries. 44% of voters believe that the government is not doing enough to foster the growth of the industry, especially considering the SEC’s history of crackdowns on the sector.
Looking ahead, the influence of cryptocurrency on political campaigns is expected to increase as more voters embrace digital assets. The report indicates that 19% of US voters currently own crypto, a number that is likely to rise in the coming years. Bitcoin remains the most popular asset, with 13% of voters holding it in their portfolio.
When it comes to which political party is best equipped to handle the crypto industry, opinions are divided. 35% of respondents trust the Republican party, while 32% trust the Democratic party. However, 26% have yet to make up their minds.
Interestingly, 56% of respondents approve of Donald Trump’s recent crypto-positive campaigns, while 54% believe Kamala Harris needs to clarify her crypto game plan. 33% of respondents are more likely to change their preferred candidate if she takes a pro-crypto stance.
As the crypto industry continues to grow in the United States, candidates will likely be pressured to incorporate crypto-related policies into their platforms to appeal to this increasingly influential voter base.