The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters. 1213 Total views 11 Total shares Listen to article 0:00 News A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidates position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see it treated as a serious and valid part of the economy, and bipartisanship is strong in the crypto community.
The CCI commissioned a poll of 1,208 people on Oct. 8-10 about their attitudes toward crypto and the upcoming elections. The poll found that 13% of respondents won cryptocurrency, which is in line with the 16% who owned stocks and 12% who owned mutual funds and ahead of the 5% of bondholders.
CCI chief strategist of political affairs and former Colorado senator Cory Gardner said the numbers indicate a bloc that may exert influence over the coming elections. Gardner told Cointelegraph:A percentage here and a percentage there could change the outlook of an election [] especially when an election can be won by thousands of votes, not hundreds of thousands of votes.
Independents (17%), Hispanic Americans (18%), African Americans (18%) and young voters (20%) owned crypto at higher-than-average rates. The majority of Latino and African American respondents had a more favorable view of cryptoand credit unions than banks. CCI communications director Amanda Russo told Cointelegraph:Theres a new segment of the population that this is resonating with as a new onramp to financial access and freedom.
Another notable finding of the poll was that respondents showed a preference for social media (36%) over traditional news outlets (31%) as sources of financial information. Regulators have to understand where people get their information from to understand their mission, Gardner said.
Related: Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey
While 36% of respondents wanted to see crypto treated as a mechanism for fraud and abuse, 45% want legislators to treat crypto as a serious and valid part of the economy, and 52% think that crypto needs more regulation. The divide between proponents and opponents of crypto is not divided along party lines, however. Gardner said:The partisanship of crypto is not left or right. [] The partisanship of crypto is crypto.
CCI intends to repeat the poll quarterly. #Cryptocurrencies #Adoption #United States #Elections #Regulation Related News The concept and future of decentralized Web3 domain names Potential US ban is a reminder that influencers should dump TikTok Crypto and decentralization could influence voters in 2022 US midterm elections: Report Germany leaves the US behind in top crypto economies in Q3: Report Institutions moving very, very fast into crypto Coinbase exec
