Based on a recent survey by the pro-crypto trade group The Digital Chamber, the US presidential candidate’s stance on crypto may very well be more significant than initially anticipated.

26 Million Voters In The “Crypto Voting Bloc”

The “crypto voting bloc” refers to a gaggle of voters – each Republicans and Democrats – who consider digital assets either “very” or “extremely” vital in determining their vote. These voters usually tend to support a candidate with a pro-crypto stance.

Of the 1,004 respondents surveyed, about 16%, or one in seven individuals, opined that digital assets will play an important role in helping them determine which candidate to support.

Interestingly, 25% of Democratic and 21% of Republican voters said they would favor a pro-crypto presidential candidate. This contrasts with the commonly held notion that Republican voters are more concerned about digital asset regulations.

From a demographic perspective, nearly 40% of Black voters consider digital assets “extremely vital” or “very vital” in deciding who they may vote for in November 2024. As compared, only 13% of white and 22% of Asian voters expressed the identical sentiment.

The survey also revealed perception gaps amongst voters. For instance, those planning to vote for Kamala Harris consider she is more supportive of digital assets than Donald Trump. Then again, Trump voters think he’s more pro-crypto than Harris.

Notably, 34% of each Democratic and Republican voters said that the crypto industry must be at the very least a “medium” priority for the president and Congress. Moreover, 32% of Democratic and 27% of Republican voters stated that cryptocurrency must be a “very high” or “high” priority for the following administration.

Commenting on the findings of the survey, founder and CEO of the Digital Chamber, Perianne Boring, said:

Voters are sending a transparent message – they need smart, balanced regulation that protects consumers without stifling innovation. Embracing a pro-crypto stance is a robust opportunity for candidates to attach with this rapidly growing base.

The survey also found that individuals with greater familiarity with digital assets are likely to hold a more positive sentiment toward digital assets. Similarly, Americans who’re more knowledgeable about cryptocurrencies usually tend to trust government officials.

Harris And Trump Promise Positive Regulations

Each presidential candidates work hard to take care of and even increase electoral support from the so-called crypto-voting bloc.

Recently, Galaxy Research’s Alex Thorn explained that the digital assets industry may profit under Harris as she is prone to be “more supportive” than Joe Biden. Notably, the Biden regime has been accused of stifling the emerging industry for its perceived hounding of companies engaging with digital assets.

Meanwhile, a report by Bernstein predicted that Bitcoin (BTC) may climb as high as $80,000 to $90,000, following a Trump win. The firm also stated that the crypto community wants a clearer stance from Harris toward the emerging asset class.

Most recently, a filing with the Federal Election Commission revealed that Trump had received roughly $7.5 million in BTC, Ethereum (ETH), and XRP donations since early June. BTC trades at $68,807 at press time, up 1.9% within the last 24 hours.