The poll’s data shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates.
In a significant shift in the political landscape, over 20% of voters in several key swing states now consider cryptocurrency a top priority issue in the upcoming US elections. This revelation comes from a recent poll conducted by the blockchain venture firm Digital Currency Group (DCG), shedding light on the growing influence of the crypto community on the electoral process.
The Harris Poll, commissioned by DCG, surveyed 1,201 registered voters across six battleground states: Michigan, Ohio, Montana, Pennsylvania, Nevada, and Arizona. The poll, conducted from April 4 to 16, 2024, found that half of the respondents pay close attention to candidates’ stances on cryptocurrency-related issues.
“This data shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates,” said Julie Stitzel, senior VP of policy at DCG. “The poll also underscores a strong desire for policymakers to establish reasonable regulations that protect consumers without stifling innovation.”
20-25% Voters Seek Crypto Regulation
The survey reveals that swing state voters consider crypto an increasingly important issue, with around 20% to 25% of voters and a third of “crypto-positive” voters wanting elected officials to focus on regulating the industry and protecting investors.
Furthermore, the poll found that 14% of voters currently own cryptocurrency, while 12% have previously owned it, with crypto ownership being the highest in Montana. Interestingly, Ohio voters appear to be more negative towards crypto, potentially setting the stage for a contentious Senate race.
The current Senate Banking Committee Democratic Chair Sherrod Brown, who has been critical of crypto in the past, will face off against the crypto-friendly Republican candidate Bernie Moreno. This race is shaping up to be a crucial battleground for the crypto community, as their influence could sway the outcome.
Crypto’s Growing Political Clout
As the crypto industry continues to gain mainstream acceptance, its political influence has also been on the rise. Crypto industry super PACs have already raised more than $100 million for the 2024 congressional elections, according to a report released on Monday from consumer advocacy group Public Citizen, which gathered data from Opensecrets.org.
This influx of campaign funding, coupled with the growing number of crypto voters, has prompted various political candidates and campaigns to take a closer look at their crypto policies. Crypto exchange Coinbase, for example, has been actively engaging with Ohio voters through its “Stand with Crypto” popular campaign, shows the industry’s determination to shape the political landscape.
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