A recent study shows that the United States has a potential crypto-focused voting group of 26 million ahead of the elections.
The survey by The Digital Chamber shows that 16%, or about one in seven respondents, would back the candidate who supports cryptocurrency the most.
According to a survey, nearly 26 million U.S. voters form a “crypto voting bloc” and view a pro-crypto policy as a leading factor in choosing a candidate for the November elections.
Of the 1,004 individuals surveyed, 16%—equivalent to one in seven—claimed that crypto was “extremely” or “very” influential in their choice of candidate.
Released on Oct. 17 by The Digital Chamber, the survey revealed that people were “much” or “somewhat” more likely to back a pro-crypto candidate.
The crypto advocacy group, previously called The Chamber of Digital Commerce, included Democrats and Republicans among the survey participants.
The group added that at least 25% of Democrats and 21% of Republicans would positively change their voting decision based on a candidate’s position on crypto.
Perianne Boring, founder and CEO of The Digital Chamber, stated that the survey results should be “a wake-up call for policymakers,” as experts foresee a tight race for the White House.
“With tight margins expected across key races, this bipartisan Crypto Voting Bloc could tip the balance,” Boring said.
“Voters are sending a clear message — they want smart, balanced regulation that protects consumers without stifling innovation,” she added.
Two in five Black voters ranked a candidate’s crypto policies as a significant factor when choosing who to vote for—more than double the proportion of white voters, the survey found.
A majority of both Democratic and Republican participants agreed that the new president and Congress should make support for the crypto industry at least a medium-level priority.
According to the survey, one in three Democrats and a quarter of Republicans considered it to be either a “high” or “very high” priority.
Young Americans are expected to participate actively in the upcoming U.S. elections, with Coinbase reporting that 25% of them own cryptocurrency.
Check out: Ripple co-founder contributes $1M in XRP to support Kamala Harris’ campaign.
According to results on prediction platform, Polymarket, Trump holds a significant lead over Kamala Harris, with 60% of respondents favoring him and 39.3% supporting Harris.
The candidate’s position on cryptocurrency will play a crucial role in determining the outcome of the forthcoming elections.
Last month, a Pew Research report found that 81% of respondents identified economic policy as the top issue that would sway their vote.
Although none of the 9,720 respondents flagged crypto as an election issue, voters highlighted the healthcare system and Supreme Court nominations as the second and third most pressing issues.
Voters differed between the parties on what they deemed to be the most critical issues.
According to his supporters, Donald Trump’s key issues as a Republican candidate included the economy (93%), immigration (82%), and violent crime (76%).
Supporters of Democratic candidate Kamala Harris identified health care (76%), Supreme Court appointments (73%), and the economy (68%) as their top concerns.
The upcoming U.S. elections are scheduled to take place on November 5, 2024.
