As the United States approaches the November presidential election, cryptocurrency continues to be a hotly debated topic among candidates and voters.
A recent study conducted by Coinbase, released on July 11, reveals that crypto voters are positioned to play a significant role in key races, particularly in the seven crucial battleground states. It is estimated that approximately 1 in 6 crypto owners reside in these pivotal states, highlighting their potential electoral influence.
The study reveals that crypto voters tend to be younger and more diverse, with Generation Z and Millennials comprising 65% of registered voters who own cryptocurrency. Notably, 40% of these voters are located in swing states—states where outcomes are unpredictable and could swing either Democratic or Republican.
The diversity among crypto voters is also pronounced, with 35% identifying as non-white. This demographic diversity underscores the broad appeal of cryptocurrency ownership across different segments of the population.
Beyond demographic insights, the study indicates high political engagement among crypto owners. A significant majority—9 out of 10 registered voters who own cryptocurrency—are likely to participate in the upcoming election. Moreover, these voters exhibit strong preferences for candidates supportive of cryptocurrency, with four times as many expressing enthusiasm for pro-crypto candidates compared to those who are not.
The study also revealed that crypto voters demonstrate a balanced perspective in terms of political affiliation, with 35% identifying as Democrats, 34% as Republicans, and 31% being open to persuasion regarding their party affiliation.
This bipartisan stance suggests that candidates’ positions on crypto-related issues could sway voter support across party lines.
Overall, crypto voters are united in their desire for candidates who embrace innovative and pro-crypto policies, reflecting a growing interest in digital assets within the broader political landscape. Amid discussions on the USA election and cryptocurrency, speculation arose that a potential victory for Donald Trump in the upcoming November elections could lead to the dismissal of several U.S. Securities and Exchange Commission (SEC) crypto lawsuits, according to crypto lawyer James Murphy, known as “MetaLawMan.”
Murphy advised against settling any crypto cases with the SEC, suggesting a possible shift in the regulatory body’s stance under a Trump administration.
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