Nov 7, 2024 Story by: Editor
A recent survey has found that nearly 40% of Black voters believe that crypto policies will play a significant role in their voting decisions in the upcoming U.S. elections. The survey also revealed that approximately 26 million American voters now identify as part of a growing “crypto voting bloc,” seeing pro-crypto policies as a crucial factor when selecting candidates for the 2024 election.
This survey comes amid Vice President and U.S. presidential candidate Kamala Harris’ endorsement of Black men in the crypto space.
The survey, conducted by The Digital Chamber, found that 16% of respondents—roughly one in seven—view crypto policies as “extremely” or “very” important when deciding who to vote for. Many participants also indicated that they would be more likely to support a candidate who favors pro-crypto policies.
The study, which surveyed 1,004 individuals from both Democratic and Republican parties, found that 25% of Democrats and 21% of Republicans are more inclined to vote for candidates who support the crypto industry.
Perianne Boring, CEO of The Digital Chamber, stressed that these findings should serve as a “wake-up call for policymakers,” particularly with a highly competitive race for the White House expected. Boring pointed out that the bipartisan crypto-voting bloc could influence crucial elections. “Voters want smart, balanced regulation that protects consumers without hindering innovation,” she said.
The survey also revealed that two out of five Black voters consider a candidate’s crypto policies important—more than twice the rate of white voters. Additionally, both Democratic and Republican respondents expressed that the next president and Congress should prioritize supporting the crypto industry. Interestingly, around a third of Democrats and a quarter of Republicans feel that supporting crypto should be a top government priority.
However, a September report from the Pew Research Center presented a different perspective. While 81% of voters stated that economic policy would be the key driver in their votes, crypto was not highlighted as a major issue among the broader electorate. Republicans mostly focused on the economy, immigration, and crime, while Democrats were more concerned with healthcare, Supreme Court appointments, and the economy.
Despite this, the survey revealed an intriguing political divide: both Donald Trump and Kamala Harris’s supporters believe their respective candidates are more supportive of cryptocurrency than their opponents.
Finally, the survey also found that voters who are more familiar with cryptocurrency tend to trust government officials to make decisions about crypto policies. In contrast, those who are less familiar with the technology generally showed lower confidence in government actions. Source: Crypto Times
