Could crypto have a say in US midterm elections?

The Crypto Council for Innovation published results of a national poll that suggests crypto voters could have an impact on close midterm election races in the US. 

With the midterm elections fast approaching on November 8, every single voter is being wooed by both parties in what is seen as an incredibly close race.

Cory Gardner, former US Senator, and Chief Strategist for the Crypto Council said:

“Ballots are going out across the country – election day is just a few weeks away.  This election promises some of the most competitive races in a generation, with many races likely to be decided by narrow margins. The crypto community is ready to make its voice heard in November – those candidates that listen will get their vote.” 

He added:

“Our national survey shows voters believe in the promise of digital assets and see it as a long term part of the economy and their financial future. Importantly, they are echoing what the industry has been calling for: regulation that provides clear rules of the road to protect consumers and realize the technology’s full potential.” 

In a press release, the Crypto Council for Innovation gave the key findings of a countrywide poll. 13% of those polled said that they hold cryptocurrencies. The poll also found that Independents (17%), Hispanic Americans (18%), African Americans (18%), and young voters (20%), are more likely to be crypto owners.

Other key findings were that more voters wanted to see crypto treated as a “serious and valid part of the economy” (45%), than those who wanted crypto to be treated as if it were used for fraud and abuse (36%).

A majority of respondents felt that crypto needed even more regulation, and it was found that more information was being found on crypto on social media channels such as Facebook, TikTok, and Instagram, than on mainstream news sources (36% as opposed to 31%).

The poll also highlighted voter’s belief that crypto held “untapped potential” and that it represented an “important financial innovation”. More than 50% of those who already hold crypto said that they wanted to see more regulation.

Finally, the poll suggests that crypto is “here to stay”, given that 13% of respondents hold crypto as a financial investment, compared with 16% who hold stocks, 12% who hold mutual funds, and 5% who hold bonds.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.