A recent survey has revealed that at least 40% of black voters believe that crypto policies will determine their vote in the upcoming U.S. elections. The survey also revealed that around 26 million U.S. voters are now part of a growing “crypto voting bloc,” identifying pro-crypto policies as a critical factor when choosing candidates for the upcoming 2024 election.
The surveys comes in the backdrop of Vice President and U.S. Presidential candidate Kamala Harris vouching for black men in crypto.
Conducted by The Digital Chamber, the survey found that 16% of respondents—roughly one in seven—consider crypto policies to be “extremely” or “very” important in their voting decision. Furthermore, many said they would be more inclined to support a candidate with a pro-crypto stance.
The study, which surveyed 1,004 individuals from both Democratic and Republican parties, highlighted that 25% of Democrats and 21% of Republicans would be more likely to vote for a candidate who supports the crypto industry.
According to Perianne Boring, CEO of The Digital Chamber, the findings should act as a “wake-up call for policymakers,” especially given predictions of a tight race for the White House.
With narrow margins expected, Boring emphasized that the bipartisan crypto-voting bloc has the potential to sway key elections. “Voters want smart, balanced regulation that protects consumers without hindering innovation,” she explained.
One notable finding was that two in five Black voters consider a candidate’s crypto policies important, more than double the rate of white voters. Additionally, most Democratic and Republican respondents expressed that the new president and Congress should prioritize supporting the crypto industry.
Interestingly, about a third of Democrats and a quarter of Republicans believe that backing crypto should be a high priority for the government.
However, the Pew Research Center’s September report showed differing perspectives on key issues. While 81% of voters said economic policy would drive their vote, crypto was not mentioned as a significant election issue by the broader electorate.
Republicans primarily focused on the economy, immigration, and crime, while Democrats showed more concern for healthcare, Supreme Court appointments, and the economy.
Nonetheless, the survey uncovered a unique political divide: supporters of both Donald Trump and Kamala Harris tend to believe that their candidate is more supportive of cryptocurrency than their opponent.
Lastly, the survey highlighted an interesting trend: voters with greater familiarity with cryptocurrency are more likely to have strong trust in government officials making decisions about crypto policies. Those less familiar with the technology generally showed less confidence in government actions.
