Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds

The study, which included responses from 1,201 registered voters across six battleground states, underscores a growing political undercurrent in favor of crypto assets. According to the findings, a significant portion of the electorate, 40%, expressed a desire for increased discussion on digital currencies by their political representatives.

This sentiment is bolstered by a strong turnout intent, with over 90% of pro-crypto voters planning to vote in the upcoming elections. “This data shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates,” Julie Stitzel, the senior vice president of policy at DCG stated.

Stitzel added:

The poll also underscores a strong desire for policymakers to establish reasonable regulations that protect consumers without stifling innovation.

Voters’ distrust in elected officials’ understanding of innovative technologies such as cryptocurrency is notable, with more than half of the respondents expressing concerns about potential overregulation stifling innovation.

Furthermore, the survey highlights a polarization in trust towards candidates interfering with crypto assets, with 48% of voters wary of such political figures, while a quarter would favor candidates who show enthusiasm towards cryptocurrency.

The survey also touched on broader issues with the current financial system, which many voters view as inequitable, particularly to the younger generations. Kristin Smith, the CEO of the Blockchain Association said the data from DCG’s poll “underscores the increasing relevance of our issues in shaping the electoral landscape of 2024.”

Amid the recent regulatory clampdowns on the cryptocurrency sector by the Biden administration and the U.S. Securities and Exchange Commission (SEC), voters in swing states appear to be at odds with the approach of regulation through enforcement.

The DCG study illustrates that most voters prefer that policymakers fully grasp the nuances of cryptocurrency prior to implementing regulations, and they are worried about the potential for such regulations to inhibit innovation.

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