Crypto-Savvy Voters Could Impact 2024 US Elections, Advocates for Clear Regulations
Summary:
Crypto enthusiasts could potentially impact the results of the 2024 US elections due to narrow polling margins, according to a poll by the Crypto Council for Innovation. The survey revealed that 83% of crypto-inclined respondents would prefer a candidate promoting clear crypto regulations. Despite showing greater support towards Democratic Congressional candidates, the same group is likely to choose Donald Trump over Joe Biden in a head-to-head comparison. The disparity suggests that crypto-savvy voters could become a decisive block in tightly contested races.
Crypto enthusiasts prepared to cast their vote in the 2024 US elections might become a pivotal voting group due to the narrow polling margins in many races. The Crypto Council for Innovation (CCI) disclosed in a January 2 survey that a candidate's stance on digital currencies will majorly influence the decision of most cryptocurrency-savvy respondents. Approximately 83% of surveyed individuals expressed their preference for a 2024 election candidate who proposes explicit cryptocurrency regulations to facilitate the sector's advancement.
"Crypto-electorate are a permanent feature now, and they are unambiguously communicating their desire for Congress to prioritize cryptocurrency regulations," commented former U.S. Senator Cory Gardner, a political advisor to CCI. "This matter could determine close races, providing a distinctive opening for any party willing to gain their trust."
The survey, administered in December 2023 among 454 US voters—89% of whom hold a positive view of cryptocurrencies—demonstrated that their main concern when selecting the next president and congressional representatives was the escalating inflation and cost of living, indicated by 31% of the respondents. Given the choice between current President Joe Biden and former President Donald Trump in the 2024 election, 51% said they would choose Trump. However, 46% relayed a higher likelihood to vote for Democratic House and Senate members, compared to 42% favoring Republican candidates.
"Although cryptocurrency owners are more inclined to support a generic Democrat candidate over a Republican for Congress (by a 4-point margin), these same cryptocurrency-savvy voters would cast their votes for Donald Trump over Joe Biden by a 10-point margin in a direct face-off," noted the CCI, characterizing the situation as considerable ticket-splitting.
As of now, both President Biden and Trump are leading their respective parties by broad margins in the polls. Several experts have predicted that the ultimate outcome of a general election between both candidates could resemble a coin flip. Survey results imply a loss of support for President Biden amongst numerous Democrats due to his handling of the Israel-Hamas conflict. Trump, on the other hand, is dealing with multiple crime charges at state and federal levels and legal efforts to disqualify his candidacy under the 14th Amendment following the US Capitol riot by his supporters in January 2021.
The Republican Party will initiate the 2024 election cycle with the Iowa caucuses on January 15. As of January 2, Trump led the polls in Iowa about 30 points ahead of the closest competitors, Florida Governor Ron DeSantis and Nikki Haley. Pro-cryptocurrency candidate Vivek Ramaswamy earned approximately a 6% polling score.
Published At
1/2/2024 8:45:00 PM
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