A new study has revealed that almost half of U.S. voters are in favor of pro-crypto policies, showing a growing willingness to cross party lines for candidates supporting cryptocurrency.
The survey, conducted by HarrisX and Consensys indicates that 85% of those polled want presidential candidates to adopt a pro-crypto stance, highlighting the importance of crypto in the political arena.
Voters Prioritize Pro-Crypto Policies
According to the study, 49% of U.S. voters see a pro-crypto position as crucial, and a significant 62% are open to voting for a candidate from a different political party if they support crypto-friendly policies.
The data highlights that crypto is not confined to a single political ideology and that the party that takes a proactive approach towards cryptocurrency could gain a strategic advantage in the electoral landscape.
The study further reveals that 44% of respondents think the current administration is not doing enough to support the crypto industry.
Additionally, 78% said they would back politicians who commit to protecting consumers from crypto-related scams, indicating a strong desire for effective regulation.
Joe Lubin, CEO and co-founder of Consensys and Ethereum ETH/USD, said, “There's a myth that the crypto sector doesn't want regulation, but that's simply not true. Consensys is an active proponent of much-needed regulatory clarity to enable an industry that serves as the backbone of countless new technologies and innovations to thrive in the United States. We've been operating under a cloud of uncertainty for too long, and the results of this poll show that crypto is a bipartisan issue, with voters also calling for clarity and a pro-crypto stance."
Who Should Regulate Crypto?
When it comes to determining which U.S. body should regulate the crypto industry, opinions vary.
Only 15% of respondents believe the Securities and Exchange Commission (SEC) is currently overseeing the crypto sector, while a mere 4% think the Commodity Futures Trading Commission (CFTC) is in charge.
Eleven percent of those surveyed say the U.S. Treasury Department is responsible, while another 11% believe the industry is self-regulating.
Interestingly, when asked which entities or individuals have enough knowledge of crypto to set appropriate policies, 70% of participants chose the SEC, while 67% picked the CFTC.
This indicates a general trust in these institutions’ abilities to guide the future of crypto regulation.
Political Figures and Crypto Understanding
Among the politicians, former President Donald Trump received the highest score, with 53% of respondents believing he understands the crypto industry well enough to implement suitable policies.
This is significantly higher than the 41% who felt the same about Vice President Kamala Harris.
President Joe Biden trails with only 36% of respondents confident in his understanding of the crypto sector.
For more insights and discussions on the evolving crypto landscape, join Benzinga’s Future of Digital Assets event on Nov. 19.
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