Regulation
Donald Trump’s Pro-Crypto Stance Helps With Potential 2024 Election Win: Poll
A new poll suggests Donald Trump’s pro-crypto stance is helping him win over Republican voters in the 2024 presidential election.
According to a survey duct Conservative voters are embracing financial freedom and pro-cryptocurrency candidates in June, according to investment and research firm Paradigm.
“Republican candidates who advocate for cryptocurrencies, such as Sam Brown, Dave McCormick, and Bernie Moreno, have strong support for their positions among GOP voters.
Republicans strongly disagree with the Warren-Gensler worldview of centralized control: CBDCs (central bank digital currencies), debanking, and forcing all financial transactions through big banks. In short, Republicans understand the appeal of cryptocurrencies and support Congressional action to establish clear, predictable rules.”
The survey found that 87% of Republicans who own digital assets plan to accumulate more of them in the next year, while 13% of Republicans who don’t own cryptocurrency said they were likely to be first-time buyers in the same time frame.
Additionally, the poll finds that Republicans appear to believe the Biden administration is weaponizing banking regulations, leading them to distrust the institutions.
The data also shows that 67% of them are dissatisfied with the current functioning of the financial system, while 72% are quite worried about losing access to financial services because of their beliefs.
The poll indicates that Republicans are concerned about the lack of clear regulation of cryptocurrencies and would like Congress to address the issue.
“60% say Congress should pass a law that establishes clear and predictable rules for cryptocurrency companies and entrepreneurs. More Republican voters believe elected representatives in Congress should take the lead (40%) than unelected appointees to government agencies (16%) in crafting cryptocurrency regulation.”
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