According to a recent survey conducted by Digital Currency Group (DCG), 20% of voters in swing states in the United States consider cryptocurrency an important factor when choosing candidates in the upcoming elections. The survey included voters from Michigan, Ohio, Montana, Pennsylvania, Nevada, and Arizona. The results show that a candidate’s position on cryptocurrency issues could be a key factor in determining their support.
Julie Stitzel, Senior Vice President of DCG, noted that supporting cryptocurrency could be a significant advantage for candidates. «Cryptocurrency is at the center of attention for undecided state voters, and support for this sector can be a decisive factor in the elections,» she emphasized.
These findings align with observations from Public Citizen, a consumer rights advocacy group, which reported significant investments in supporting candidates loyal to the cryptocurrency industry. According to their data, pre-election super PACs organized by major players in the crypto industry raised over $100 million to support such candidates in the 2024 US congressional elections.
Public Citizen reported that the majority of funds for supporting candidates came from the exchange Coinbase and the company Ripple Labs. Contributions also came from individuals and venture capitalists. Founders of Andreessen Horowitz, the Winklevoss twins, and Coinbase CEO Brian Armstrong made substantial donations to support politicians who endorse cryptocurrency.
Matthew Sigel from the investment company VanEck previously stated that Donald Trump’s victory in the presidential elections could benefit the crypto industry, highlighting the growing influence of cryptocurrencies in American politics.
