Crypto Voters Emerge as 2024 Election Wild Card: Report

Published: Jan 2, 2024
Written By:
Vignesh Karunanidhi
Milk Road Writer

A recent survey shows that crypto-related matters could influence the 2024 elections. People who own cryptocurrencies seem to have different preferences, even if they usually support a specific political party. The survey suggests that their party affiliation might not accurately predict how they will vote.

Conducted in early December 2023 by research firms The Tarrance Group and Patinkin Research Strategies, the national survey of crypto owners was commissioned by the Crypto Council for Innovation (CCI).

Key Findings:

  • Crypto voters prefer Trump over Biden by 10 points.
  • 83% say a candidate’s crypto policy position is important to their vote.
  • Strong support for “clear rules” is seen as welcoming innovation versus restrictive bans.

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Voters Want “Clear Crypto Rules,” Not Bans

The polling identifies crypto voters as a possible swing constituency, given their variance from historical partisan loyalty patterns. Crypto holders would vote for Trump by 51% to 41% over Biden. However, they give a 46% to 42% edge to an unnamed Democratic candidate over an unnamed Republican.

“This confirms crypto voters are here to stay and are sending a clear message: they want Congress to prioritize cryptocurrency regulation,” said former Senator Cory Gardner, now a CCI political advisor.

CCI’s Brett Quick called the findings “a unique opportunity for any party ready to earn their trust.” When given two policy choices, more than 83% of surveyed individuals expressed a preference for leaders who would “establish clear regulations for cryptocurrency, allowing investors to have options and enabling the industry to grow and generate jobs.”

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78% also said crypto is at least “somewhat important” for the President and Congress to address. This emphasizes that people who own cryptocurrencies prefer regulations that support them rather than strict crackdowns.

CCI CEO Sheila Warren said this shows why crypto matters for the financial inclusion of those left behind by legacy systems. 86% of crypto voters say they would consider using digital assets to obtain financial products.

With economic concerns topping issue priorities, the policy approaches favored by crypto-holding voters may draw elevated attention come November 2024.

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.