Survey: Crypto voters prefer Democrats for Congress, favor Trump for president

A recent poll by the Crypto Council for Innovation offers insights into the political preferences of crypto voters, potentially influencing the 2024 elections.

The survey of 454 participants, conducted by The Tarrance Group and Patinkin Research Strategies in December, indicates a split among crypto voters, with 41% favoring President Joe Biden and 51% expressing support for former President Donald Trump.

Regarding congressional elections, the survey found that 46% of crypto voters lean toward Democrats, while 42% favor Republicans. Notably, 9% remain undecided, underscoring the diverse political landscape within the crypto community.

Brett Quick, head of government affairs for the crypto alliance, emphasized the significance of nuanced policy-making, recognizing the influential role crypto voters could play in shaping the 2024 election landscape. The results suggest a need for political candidates to engage with the crypto community’s varied perspectives.

As discussions on crypto regulations unfold, the survey revealed that 83% of voters deciding between Biden and Trump prefer candidates advocating for clear rules in the cryptocurrency space. This aligns with the ongoing regulatory efforts by the Securities and Exchange Commission (SEC) under the Biden administration, which has taken a closer look at major crypto firms.

Former President Trump’s involvement in crypto, including the release of NFT collections in 2022 and digital trading cards in 2023, adds a unique dimension to the intersection between political figures and the crypto industry.