Research Shows Majority of Voters in Key US States Support Cryptocurrencies and Web3 Technologies
New research conducted by Coinbase reveals that 55% of voters in pivotal US states are more likely to support political candidates who are in favor of cryptocurrencies and web3 technologies. This data is part of Coinbase’s initiative to mobilize the 52 million cryptocurrency owners in the US as a significant political force.
Encryption Plays a Crucial Role in US Elections 2024
This research emphasizes the growing influence of crypto holders in the United States. Not only do one in five American adults own cryptocurrencies, but this demographic is also younger and more diverse compared to the general population. The new data suggests that cryptocurrencies are not just a financial asset, but also a political tool that can influence election results.
The Coinbase study also delves into public dissatisfaction with the current financial system, with 87% of Americans believing that the system needs a comprehensive overhaul and only 14% being optimistic about its future. The research further highlights that in key states, over 40% of digital asset owners use digital currencies for money transfers, providing a cheaper alternative to traditional banking services.
This research could also become a part of a recent exchange campaign aimed at strengthening American legislation to address regulatory censorship of the encryption market. With the majority of voters in battleground states like New Hampshire, Nevada, Ohio, and Pennsylvania casting their votes in support of candidates who support encryption and web3 technologies, the importance of embracing these technologies is becoming increasingly clear.
