The next US presidential election is fast approaching, and the candidates’ crypto stance has become an important campaign point than many expected. According to a recent study performed by Consensys, a majority of crypto owners plan to vote in the presidential elections, with nearly half of these voters considering a pro-crypto stance as a crucial factor in the selection of political candidates.
The rise of crypto consciousness among voters
The recent study conducted by Consensys, in partnership with HarrisX, highlighted the growing importance of the crypto industry among an emerging young voter base. According to the survey, 92% of crypto owners in the US plan to vote for the next president. Interestingly, the number of crypto-motivated respondents willing to vote was greater than the margin of victory of the last presidential election in every state in which the survey was conducted.
The survey found that pro-crypto policies were a crucial factor for voters in the election, with 49% believing it was important for their preferred candidate to be fully involved. What’s even more surprising is that 40% of voters are willing to switch their preferred party if a candidate expresses pro-crypto views, while a lesser 27% are not.
In terms of government policy, many of the respondents believe that the US government is lagging behind in crypto regulation compared to other crypto-forward countries. In particular, 44% of voters believe the U.S. government is not doing enough to stimulate industry growth. This sentiment is particularly valid, considering the SEC’s history of oppression on the industry.
Consensus is moving forward
The crypto industry’s presence in the United States has grown tremendously since the last presidential election. Looking ahead, cryptocurrency’s influence on political campaigns is likely to increase. As more voters embrace digital assets, candidates will be forced to incorporate crypto-related policies into their platforms.
According to the report, 19% of US voters currently own crypto. This is expected to increase in the coming years, with one in three voters saying they are likely to invest in crypto in the coming year. Not surprisingly, Bitcoin is the most common asset, with 13% of US voters having Bitcoin in their portfolio.
Looking ahead, respondents’ opinions are divided on which political party is best equipped to better navigate the crypto industry. The survey shows that 35% of respondents trust the Republican party, while 32% trust the Democratic party to conduct crypto policy well. On the other hand, 26% have yet to make a decision.
However, 56% of respondents are happy with it Donald Trump’s recent crypto positive campaigns, while 54% think Kamala Harris has to spell it out her crypto game plan. 33% of respondents are more likely to switch their preferred candidate if they take a pro-crypto stance.
Featured image from Pexels, chart from TradingView