Connect with us

Hi, what are you looking for?

Crypto becomes US election issue for the first time — Survey
Crypto becomes US election issue for the first time — Survey

Cryptocurrency

Surveys show that cryptocurrency will be a big problem in the 2024 US presidential race

Gemini recently did a poll and found that 73% of US crypto holders think a candidate’s stance on regulating crypto is important when choosing who to vote for president in 2024. As worries about regulations grow, the poll also shows that Americans’ exposure to crypto has changed in a big way.

Cryptocurrency is becoming an important issue in the US presidential race for the first time in history. A new Gemini poll shows that 73% of American cryptocurrency owners think that a candidate’s stance on regulating cryptocurrencies will affect their vote.

The poll, which got answers from 6,000 people in the US and other countries, shows that US voters are becoming more worried about how their leaders plan to regulate the crypto business. Another 37% of those polled said that a candidate’s stance on crypto would have a “significant impact” on their vote in the coming election.

Crypto has become so ingrained in American politics that this change shows how much. As more voters see cryptocurrencies as important issues, politicians will likely need to be clear about where they stand on the business in order to win over crypto investors.

Even though people are becoming more interested in digital assets, they are still hesitant to invest because they are worried about the regulatory environment. In 2024, 38% of US respondents said these worries kept them from getting into the crypto market. That’s up from 28% two years before.

But the general amount of time US people spend with cryptocurrency has changed. 75% of people in 2022 said they had no crypto contact, but only 65% said they did in 2024. At the same time, the percentage of people who currently own crypto rose slightly to 21%, and the percentage of people who used to own crypto jumped from 5% in 2022 to 14% in 2024.

This information shows how people think about digital assets when making political choices and how cryptocurrency is becoming more important in the US election.

Advertisement

You May Also Like

Cryptocurrency

The Polish Financial Supervision Authority (KNF) recently issued a public warning about Crypto.com's operations, citing potential regulatory violations. This advisory, while not an outright...

Business

WalletConnect Foundation and Reown have announced new UX standards for blockchain wallets to improve interactions and increase adoption. Through WalletGuide and WalletConnect Certified, they...

Cryptocurrency

Beginning in mid-2025, Detroit citizens will be able to pay taxes and local fees using bitcoin, as part of a new drive to modernize...

Cryptocurrency

In this week's Crypto Chronicle, we explore the potential impact of Donald Trump's presidential victory on the crypto world, Elon Musk's massive $20 billion...

polkadot
Polkadot (DOT) $ 5.02 1.88%
bitcoin
Bitcoin (BTC) $ 89,935.10 2.88%
ethereum
Ethereum (ETH) $ 3,202.28 0.85%
cardano
Cardano (ADA) $ 0.570093 4.90%
xrp
XRP (XRP) $ 0.696221 2.07%
stellar
Stellar (XLM) $ 0.122675 5.49%
litecoin
Litecoin (LTC) $ 75.03 0.75%