Among the most prominent voter blocs this election season has been the crypto voter, who has been instrumental in shaping the contours of the policy debate this year and, for the first time, forcing candidates to prioritize conversations about the future of cryptocurrency in this country.
Crypto owners represent a diverse and forward-looking demographic, particularly in swing states such as Arizona, Michigan, Nevada, Ohio, Pennsylvania, and Wisconsin. Nationwide, 68% of crypto owners are Millennials and Gen Z, and 48% are racially diverse. In states that will decide the presidency, more than 4 million voters are crypto owners, making them a significant factor in determining the outcome of this election.
A recent poll from the Digital Chamber shows one in seven likely voters (16%) identify as part of the crypto voting bloc. This is a bipartisan group that sees crypto policy as a key issue. For example, four in 10 Black voters say crypto is “very” or “extremely” important in deciding who to support in 2024, underscoring the broad appeal of crypto policy beyond traditional political divides.
There is bipartisan agreement that the government should prioritize designing policies that encourage growth and also protect consumer freedoms. A majority of both Republicans and Democrats say that supporting the crypto industry should be at least a medium-level priority for the next president and Congress, with nearly one in three Democrats and over one in four Republicans believing that it should be a “high” or “very high” priority. In fact, four in five U.S. adults say crypto policy should be at least moderately important for government officials, indicating broad national support for action on this issue.
Candidates who recognize the importance of crypto voters have a significant opportunity to engage a growing and motivated constituency by advocating for policies that support innovation while ensuring consumer protection.
Crypto voters are looking for more than vague promises. They want clear, actionable plans that acknowledge crypto technology’s potential to transform finance, promote economic inclusion, and create new opportunities. By embracing this balanced approach, candidates can tap into a broad, bipartisan base of voters who are eager for leadership that fosters economic freedom and technological advancement.
Source: [CoinDesk]
