A new poll shows that crypto investors are equally supportive of Vice President Kamala Harris and former president Donald Trump going into the 2024 presidential contest.
Harris and Trump both enjoy 47% support among crypto traders, according to a new Morning Consult poll commissioned by Coinbase, America’s largest registered crypto exchange.
“[Digital asset voters] are a bipartisan group in terms of political identification and electoral intention, contradicting the media impression of crypto owners indexing highly Republican or Libertarian,” Coinbase said.
The poll also revealed that a larger percent of crypto traders identify as Democrats (22%) or Independents (22%) than Republican (just 18%).
Moreover, the poll pointed out that swing states are crucial to this year’s presidential election, and 6.5 million crypto owners voting in seven key swing states – Arizona, Georgia, Nevada, Pennsylvania, Wisconsin, Michigan, and North Carolina. “That’s more than 16 times the vote differential combined in these states in the 2020 presidential election,” Coinbase’s report explained.
The Federal Reserve recently tallied the number of crypto owners at 18 million Americans, and though this figure is modest, presidential candidates have taken great pains to court their vote. Today, the digital asset industry invests more in elections than many other special interest groups. One report reveals that the crypto sector contributed $119 million to political action committees this year to prop up pro-crypto candidates.
“Since Citizens United, the crypto corporations are now second in total election-related spending, trailing only fossil fuel corporations, which have spent $176 million over the past 14 years, including $73 million from Koch Industries,” the report from Public Citizen found.
