A Gemini survey reveals that 75% of US crypto owners will consider presidential candidates’ crypto stances in the upcoming election, highlighting the growing influence of cryptocurrency on political decisions.
Points
- 75% of US crypto owners influenced by candidates’ crypto positions
- One in five Americans own cryptocurrency
- Survey conducted by Gemini and Data Driven Consulting Group
- Crypto becoming a significant campaign issue
- Republican and Democratic parties’ stances on crypto
According to a recent survey by Gemini, three out of four US crypto owners will factor in presidential candidates’ stances on cryptocurrency when voting in the upcoming election. This survey underscores the increasing importance of crypto in the political landscape.
The 2024 State of Crypto survey, previewed by Gemini, indicates that 20% of Americans own cryptocurrency. Among these owners, 73% plan to consider candidates’ positions on crypto during the election. The survey highlights the growing role of digital assets in shaping political decisions.
The survey, conducted by the Data Driven Consulting Group on behalf of Gemini, involved 1,200 Americans, including 233 cryptocurrency owners. It also found that 38% of Americans who do not own crypto are deterred by regulatory concerns, while nearly half believe more regulation is needed.
The political landscape is rapidly evolving with crypto becoming a key issue. The Republican Party has expressed support for crypto firms and investors, while Vice President Kamala Harris’ team has initiated outreach to the crypto industry following President Joe Biden’s decision not to seek reelection.
Notably, Gemini co-founders Tyler and Cameron Winklevoss have made significant contributions to Trump’s campaign, indicating the deepening intersection of crypto and politics. Political action committees have raised substantial funds ahead of the election, with the pro-crypto group Fairshake becoming the largest super PAC of this election cycle.
![Gemini Survey Results]（link-to-image）
In summary, the Gemini survey highlights the critical role that cryptocurrency will play in the upcoming presidential election. As the political climate shifts, candidates’ stances on crypto are likely to influence a significant portion of the electorate.
Explanation
- Gemini Survey: A research study conducted by the Gemini crypto exchange to understand the perspectives and behaviors of cryptocurrency owners.
- Super PAC: A type of political action committee that can raise and spend unlimited amounts of money to influence elections but cannot contribute directly to candidates or coordinate with their campaigns.
- Crypto Regulation: Laws and policies governing the use and trading of cryptocurrencies, aimed at ensuring security, transparency, and compliance with financial standards.