According to a study released by cryptocurrency exchange Gemini, three out of four cryptocurrency owners said a candidate’s cryptocurrency stance would influence their vote in the upcoming U.S. presidential election.
According to Gemini’s 2024 State of Crypto survey preview, one in five Americans owns cryptocurrency. The full survey is due out in September. Of those Americans who own cryptocurrency, 73% say they “ According to the survey, the question of interest is “what position the candidates will take on cryptocurrencies when electing the next President of the United States.”
“Gemini today released a brief preview of its State of Crypto 2024 survey, and found that for the first time in U.S. history, crypto has become a major campaign issue in a presidential election,” the exchange said in a statement.
This survey was conducted by Data Driven Consulting Group on behalf of Gemini. The group conducted the survey between May 23, 2023 and June 28, 2024 among 1,200 Americans, and 233 cryptocurrency owners participated in the survey.
Gemini also found that 38% of Americans who do not own cryptocurrency are reluctant to participate due to concerns about the laws governing the industry. According to the survey, nearly half of those surveyed who do not own cryptocurrency said there needs to be more regulation of cryptocurrencies.
Cryptocurrencies have emerged quickly during election season. The Republican Party has expressed support for cryptocurrency companies and investors. platform Including vowing to end the “illegal and un-American crackdown” on the U.S. cryptocurrency industry for the 2024 election. Meanwhile, Vice President Kamala Harris’ team Support activities Interest in the cryptocurrency industry has picked up a week after President Joe Biden announced he would not run for reelection and endorsed Harris as the Democratic nominee.
In particular, Gemini co-founders Tyler and Cameron Winklevoss Donated Trump’s $2 million in Bitcoin. Cameron Winklevoss said she plans to vote for Trump on X, calling the former president “pro-Bitcoin, pro-crypto, pro-corporate.” The political action committee has raised millions of dollars so far ahead of the upcoming election. The cryptocurrency advocacy group FairShake recently biggest Super PACs have raised more than $200 million this election cycle.
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