About 20% of US Voters Have Used Crypto in Some Form: Poll
A recent Emerson College poll reveals that nearly 20% of U.S. voters have engaged with cryptocurrency in some capacity, be it through investment, trading, or usage.
The survey, conducted between December 11 and 13, polled 1,000 registered voters, providing a glimpse into the evolving relationship between American voters and the crypto industry.
The poll revealed that 40% of crypto users have used digital assets to make purchases, showcasing the growing real-world application of crypto.
Crypto Users Are Younger
Spencer Kimball, executive director of Emerson College Polling, noted that crypto users tend to be younger and come from more diverse backgrounds.
“Crypto users are younger and have a larger minority base, highlighting crypto as a growing, diverse constituency for political support.”
Notably, 57% of these users have a favorable view of Donald Trump. The support aligns with Trump’s recent pro-crypto stance.
Since his campaign, the president-elect has shown a strong backing for the crypto sector, nominating several pro-crypto figures to lead key financial regulatory agencies, including the Securities and Exchange Commission (SEC).
The poll further revealed that younger demographics are more engaged with crypto.
Among respondents under 40, nearly one-third reported having used cryptocurrency.
The rate of crypto use declined with age, as 28% of respondents in their 40s, 17% in their 50s, 9% in their 60s, and only 4% of those over 70 reported crypto use.
NATIONAL POLL
What do you think is the most important issue facing the United States?
40% economy
17% immigration
16% threats to democracy
7% abortion access
5% healthcare
4% crime
3% housing affordability
3% educationhttps://t.co/W0zTX4kJ7b
— Emerson College Polling (@EmersonPolling) November 3, 2024
Gender and racial disparities were also evident in the data. Men were twice as likely to use crypto as women, with 26% of male respondents reporting usage compared to 13% of female respondents.
Furthermore, about one-third of crypto users identified as Asian, Hispanic, or Black, while only 14% identified as white.
The Emerson poll’s findings come amid growing political interest in crypto. Another survey, conducted by the Digital Chamber, found that 26 million U.S. voters belong to a “crypto voting bloc,” with one in seven respondents prioritizing pro-crypto policies when selecting candidates.
A separate poll by Grayscale and a market researcher revealed that over half of U.S. voters were more inclined to support pro-crypto candidates.
Fairshake Spent Tens of Millions on Pro-Crypto Candidates
As reported, cryptocurrency-related Political Action Committees (PACs) and affiliated groups poured over $245 million into the 2024 election cycle.
For one, Fairshake’s financial muscle was instrumental in shaping election outcomes.
The PAC spent tens of millions supporting candidates across the political spectrum, including Democratic Senate hopefuls in Arizona and Michigan, as well as Republican Jim Justice in West Virginia.
In California, Fairshake’s ad blitz contributed to Democratic Rep. Katie Porter’s defeat in the Senate primary.
By the end of the election cycle, Fairshake had already raised $78 million for the 2026 midterms.
Crypto industry leaders and venture capitalists played a significant role in financing these efforts.
Ripple co-founder Chris Larsen contributed $12 million, while Cameron and Tyler Winklevoss donated a combined $10.1 million.
Other major donors included Kraken’s Jesse Powell and Solana co-founder Anatoly Yakovenko.
Source: cryptonews.com
