- One in five voters in key states view cryptocurrencies as a critical issue in the 2024 US elections, according to a report by Digital Currency Group (DCG).
- The report, released in collaboration with The Harris Poll, suggests digital assets could play a significant role in the electoral race between Donald Trump and Joe Biden.
- Almost half of the voters surveyed expressed distrust towards candidates interfering with crypto, while 30% said they are more likely to vote for pro-crypto politicians.
As the 2024 US elections approach, a new report suggests that cryptocurrencies could be a deciding factor for one in five voters in key states. The report, released by Digital Currency Group (DCG) in collaboration with The Harris Poll, highlights the growing importance of digital assets in political discourse.
Crypto’s Role in the 2024 US Elections
According to the DCG report, an estimated 20% of all voters in swing states consider crypto a major issue when deciding their vote. The report also reveals that 48% of voters are distrustful of candidates interfering with crypto, while 30% said they are more likely to vote for pro-crypto politicians. Blockchain Association CEO Kristin Smith commented on the findings, stating that digital assets have emerged as a significant issue in the upcoming election, with over a quarter of voters actively considering political candidates’ positions on digital assets when making their decisions.
Voters’ Concerns Over Crypto Regulation
The survey results come amidst a regulatory crackdown on the crypto industry initiated by United States Securities and Exchange Commission (SEC) Chair Gary Gensler. Under Gensler’s leadership, the SEC has sued various blockchain firms regarding U.S. securities law, despite failing to provide the crypto sector with a clear regulatory framework. The report suggests that most voters do not believe policymakers adequately understand blockchain technology and more than 50% are concerned that leaders are stifling innovation due to overregulation.
The Impact on the Presidential Race
DCG’s report may prove critical as tensions mount over the 2024 presidential election, with voters split almost equally between the two purported candidates. Republican frontrunner Donald Trump has taken a pro-crypto stance, while incumbent Democratic candidate Joe Biden has called for greater regulation in the industry. If each candidate wants to advance in the polls, DCG’s report suggests they might need to address the crypto community’s concerns.
Conclusion
The 2024 US elections could see cryptocurrencies playing a significant role in voters’ decisions. As the industry continues to grow and evolve, it will be interesting to see how politicians address the concerns and interests of the crypto community in their campaigns. The outcome could potentially shape the future of digital assets in the US.
