Points
- A new poll indicates that Donald Trump’s pro-crypto stance is helping him win over Republican voters.
- Republican candidates supporting crypto have strong backing from GOP voters.
- Republicans largely disagree with the Warren-Gensler worldview of centralized control.
- A significant percentage of Republicans are interested in accumulating or purchasing cryptocurrencies.
A recent poll indicates that Donald Trump’s pro-crypto stances are helping him win over Republican voters for the 2024 Presidential Election. Republican candidates defending crypto, such as Sam Brown, Dave McCormick, and Bernie Moreno, have strong support for their positions from GOP voters.
Republicans sharply disagree with the Warren-Gensler worldview of centralized control, which includes central bank digital currencies （CBDCs）, debanking, and forcing all financial transactions through big banks. In short, Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules.
The poll finds that 87% of Republicans who own digital assets plan to accumulate more within the next year, while 13% of Republicans who don’t own cryptocurrencies said they were likely to be first-time purchasers during the same time frame.
Furthermore, the poll finds that Republicans appear to believe that the Biden Administration is weaponizing banking regulations, causing them to distrust institutions. The data also shows that 67% of them are disgruntled with how the financial system works today, while 72% of them are somewhat concerned they could lose access to financial services due to their beliefs.
The poll indicates that Republicans are concerned about the lack of clear crypto regulations and want Congress to address the issue.
“60% say Congress should pass legislation that establishes clear and predictable rules for cryptocurrency companies and entrepreneurs. More Republican voters believe elected representatives in Congress should take the lead （40%） over unelected appointees at government agencies （16%） in crafting crypto regulation.”