Most People Cringe About Crypto, But Enough Care to Warrant Politicians’ Attention

Although one in five people see crypto as an important factor in their political thinking, only 62% of them support digital assets; This suggests there may be hostility among the rest of the people most interested in crypto issues.

Approximately 14% of respondents own cryptocurrency, and another 7% are interested in investing.

As U.S. politicians continue to grapple with how to approach crypto issues, about 21% of voters in key swing states see cryptocurrency policies as an issue important enough to influence their support, according to an industry-commissioned Harris Poll survey. Uncertainty about what voters will be screaming for.

As millions of crypto industry dollars pour into campaigns and top candidates test stances on digital assets, the voters who care most may not be on the same side of the issue. The challenge for the industry may be to understand whether the high level of interest will help its cause.

“This data shows that crypto is the first choice of voters in swing Senate states, and a pro-crypto position is a net positive for policymakers and candidates,” said Julie Stitzel, senior vice president of policy at Digital Currency Group, which commissioned the survey. and sees the results as positive.

An online survey of registered voters found that around 14% of people currently own crypto, and many more have a high awareness of the emerging financial technology. But less than one in three voters surveyed (31%) said they had a positive view of digital assets, according to a snapshot of responses from people in Michigan, Ohio, Montana, Pennsylvania and Arizona.

Those in the crypto-positive group who say they will consider crypto positions in their voting decisions represent approximately 13% of survey respondents. This leaves 8% who may not be as enthusiastic about digital asset-friendly policies; That may leave this year’s nominees unsure of which direction to head, despite the industry’s hopes.

While most undecided voters, on whose shoulders the presidential election and congressional majorities rest, distrust crypto, even more think the current financial system is outdated (70%) and needs an overhaul (74%). 41% of respondents also think cryptocurrency can be a path to financial security (41%).

More than two-thirds of survey respondents think federal officials, including the president and Congress, do not have the duty to make good policy decisions on crypto.

Whichever side voters choose, Blockchain Association CEO Kristin Smith said in a statement that the survey shows “digital assets are emerging as a major issue in the upcoming election.”

The story continues

Data shows that if 14 percent of the US population also owns crypto, as many as 47 million people could own digital assets, an issue that a majority of voters should be fighting for. The poll shows that they represent a fairly close balance between the two political parties, with some support for the conservative side. However, the survey suggested that pro-crypto voters may be slightly less inclined to vote than others.

Another notable finding is that the survey results may also imply that the industry should not rely on a huge segment of the public waiting on the sidelines to invest in cryptocurrencies; Only 7% of those who do not own any cryptocurrency say they still intend to. But about half of people said they would be more interested if it was established, if major financial firms were involved and if the government also put in place safeguards.

Read More: Trump Is Clear Favorite Among Crypto Voters in US Presidential Race: Poll