Sat, October 5

Nearly Half of US Voters Prioritize Pro-Crypto Candidates as per Poll

Nearly Half of US Voters Prioritize Pro-Crypto Candidates as per Poll Market News
  • 62% are prepared to vote against their party’s candidate in order to support a pro-crypto candidate.
  • A whopping 85% of people think presidential candidates should take a stand on crypto.

Nearly half of American voters (49%) say a candidate’s pro-cryptostance is significant when picking them, according to a recent poll by ConsenSys and HarrisX. Furthermore, 62% are prepared to vote against their party’s candidate in order to support a candidate that is pro-cryptocurrency.

The survey also revealed that a whopping 85% of people think presidential candidates should take a stand on crypto. According to the results, any political party that acknowledges this might potentially win over a large number of voters in the very competitive campaign.

Plagued by Uncertainty

Concerns over the present status of crypto regulation were also voiced by voters. Specifically, 44% of respondents felt that the Biden administration was not providing sufficient support to the sector. Over a third (78%) also said they would support politicians who work to safeguard cryptocurrency users from fraud.

It is a misconception that the cryptocurrency industry does not want regulation. However, that is absolutely not the case, according to Joe Lubin, co-founder of Ethereum and CEO of ConsenSys. Lubin argued for clearer regulations and said that lawmakers from both houses should see crypto as a subject that affects them equally. He went on to say that the industry has been plagued by uncertainty for far too long.

Voters in the United States are unsure of which regulatory agency is in charge of the digital asset market, according to the recent survey. Despite the rising popularity of these assets. If asked to name the agency responsible for overseeing the industry, just 15% said the SEC and 4% said the CFTC. While 11% of people said the sector was responsible for its own regulation. Moreover, 8% said the US Treasury Department was incharge.

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A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.