The Key Role of Crypto Voters in the Upcoming US Elections: Coinbase Study

According to a recent study conducted by Coinbase, voters interested in crypto will exert a significant influence on key states in the upcoming United States (USA) presidential elections.

A recent study by Coinbase suggests that voters interested in cryptocurrencies will significantly influence key competitions in the upcoming United States (USA) presidential elections.

According to the study, one in six cryptocurrency holders resides in the seven decisive states of the electoral battleground, making their collective vote highly impactful.

These voters are predominantly young, diverse, and politically active, with Gen Z and Millennials representing 65% of registered voters who own cryptocurrencies and 40% of registered voters who own cryptocurrencies living in swing states.

Furthermore, a significant 35% of registered voters who own cryptocurrencies are non-white, highlighting the diversity of this group.

These voters are also enthusiastic about candidates' crypto stances, with nine out of ten registered voters who own cryptocurrencies stating that they are likely to vote in the elections on November 5.

Moreover, they are four times more likely to vote for a pro-crypto candidate compared to a less crypto-friendly candidate.

Interestingly, the study reveals a bipartisan approach among crypto voters, with 35% identifying as democratic, 34% as republican, and 31% as swayable regarding their party affiliation.

This statistic suggests that both major parties stand to gain from engaging with cryptocurrency issues and candidates who support the sector with an innovative and pro-crypto agenda.

In response to the growing crypto interest, some in the cryptocurrency sector have even created non-partisan organizations, such as Stand With Crypto and the Bitcoin Voter Project, to influence U.S. cryptocurrency voters and amplify the sector's collective voice in the upcoming elections.

These organizations aim to educate voters on candidates' crypto stances and mobilize them to vote for candidates who will advance crypto-friendly policies.

As the candidates continue their campaigns, the importance of the crypto vote is becoming increasingly apparent. Some researchers even suggest that cryptocurrencies could be used to influence electoral outcomes and voter turnout.

For example, Robert Kennedy Jr., the first presidential candidate to accept electoral donations in Bitcoin, and Donald Trump have both committed to rejecting the development of a central bank digital currency (CBDC) in the United States.

Initially, the Republican candidate and former president seemed to be a favorable choice for cryptocurrencies, even though his true motivations have been questioned.

On the other hand, the incumbent president and Democratic candidate Joe Biden has received criticism from the crypto community for not being as pro-crypto as his opponent.

In other words, cryptocurrencies could play a crucial role in the upcoming US presidential elections, thanks to the growing interest and influence of crypto voters.

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