In the November elections, the US President will be decided, and Trump has decided to speak at a Bitcoin event this month. The SEC’s 180-degree turn on the ETH ETF and other developments show that politicians have realized voters care about crypto policies. US companies like Coinbase are also spending significant time and money on this issue.
US Elections and Crypto
Coinbase exchange published the latest election research within 24 hours, indicating that voters with crypto investments who care about these policies will make a significant difference in the race. One in six crypto investors lives in seven key states, where every vote is crucial.
According to the research, crypto voters are “younger and more diverse,” so politicians are right to take them seriously. Generation Z and Y represent 65% of registered voters with crypto investments. Especially with the Bitcoin ETF, many investors from a broader age group familiar with traditional markets have entered crypto.
Four out of ten registered voters are in swing states where either Democratic or Republican candidates can win. Registered voters with crypto holdings make up 35% of non-white voters, indicating a highly diverse voter pool.
They Will Determine the Fate of the Elections
Biden and Trump’s teams are aware of these studies, and with 9 out of 10 crypto investors planning to vote in the November elections, they cannot be ignored. The research highlights a willingness to vote for a pro-crypto candidate. In a politically polarized environment, a significant portion of voters will base their decision on the candidate’s stance on crypto.
So, what is the party distribution of crypto investor voters based on their previous votes? 35% Democrat, 34% Republican, and the remaining 31% do not feel affiliated with any party. A similar distribution exists in swing states, making crypto a fertile ground for parties to attract votes from each other.
Already, non-partisan structures like Stand With Crypto and the Bitcoin Voter Project initiated by a group of mining executives have been formed to influence crypto voters in the US.
