Trump VS Harris: How important is crypto to the US election?

Who will enter the White House in November? This question will ultimately be answered in the Swing States, and crypto could well play a decisive role here.

In this article you will learn:

• How large the share of potential crypto voters is

• How this stock has changed since the last election

• What issues are important to crypto voters

It is the political highlight of the year: in November, the battle between Donald Trump and Kamala Harris takes place in the US. It is an exciting neck-and-neck race that will be decided mainly in the seven Swing States. And precisely in these crucial states can crypto be an important factor Becoming.

From a recent poll by research firm Morning Consult, commissioned by Coinbase, shows that "crypto investors play an important role in the Swing States."

Across the US, an estimated 52 million voting-eligible people own Bitcoin and other crypto currencies. In the aforementioned Swing States (Nevada, Arizona, Wisconsin, Michigan, Pennsylvania, North Carolina and Georgia), this amounts to about 6.5 million crypto voters, representing nearly 15 percent of the total voting population in these regions. Compared to the 2020 election, this number has increased a whopping 16 times.

In five of these states, about two-thirds of respondents said they would vote for a candidate who supports the crypto sector. Interestingly, crypto voters in the Swing States have no clear preference for either Republicans or Democrats. Although Republicans have generally shown more support for the crypto sector, in these states 47 percent of crypto voters indicated they would vote for Trump and 47 percent for Harris. An exciting battle.

Still, candidates' attitudes toward crypto might play a big role in their final choice. A recent study by research firm HarrisX, commissioned by Consensys, revealed that 40 percent of voters are willing to vote outside their usual party if the candidates' crypto positions appeal to them.

Most crypto voters want clearer regulations

The years of uncertainty surrounding crypto regulation have left their mark on American voters. According to Morning Consult and Coinbase polling, 72 percent of crypto owners say the lack of clear regulation in the U.S. is stopping them from investing more. Among the "crypto-interested" group (people who plan to buy crypto within the next 12 months), the percentage is as high as 83 percent.

The HarrisX poll further shows that 44 percent of American voters want the government to provide more support for the crypto sector. 55 percent believe Washington is not doing enough to regulate the sector.

A possible solution is stalled in Congress for now: the "Financial Innovation and Technology for the 21st Century Act" (FIT21). This bill should clarify how regulators SEC and CFTC will divide their duties and how cryptocurrencies should be classified in general. However, this bill is unlikely to take effect before the election.