A poll of 800 digital asset investors found that more than half believe a political candidate’s stance on cryptocurrencies is important in deciding their vote.
Although the investor class was slightly more likely to register as a Democrat, voting behavior remains fluid. A majority of respondents currently plan to support the Republican Party in the general congressional vote.
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Cryptocurrency voting tilts Republican Party
Preparations are underway for the upcoming US midterm elections, where politicians’ stance on cryptocurrencies will be critical to their success.
A recent poll conducted by consulting firm McLaughlin & Associates in collaboration with American advocacy group Digital Chamber measured the voting preferences of 800 young, demographically diverse crypto investors.
Although these voters lean slightly toward the Democratic Party and consider themselves more liberal than conservative, many plan to vote Republican in the next election.
Poll results showed overwhelming bipartisan support for US President Donald Trump’s decision to roll back Biden-era cryptocurrency regulation and enforcement. Consistent with this, most respondents said that a candidate’s crypto stance has a significant impact on their vote.
“Crypto voters, despite their diverse profiles and political beliefs, are clearly engaged, single-issue voters who have the potential to sway elections,” Digital Chamber CEO Cody Carbone told BeInCrypto. “With so many issues requiring Congressional action when government reopens, supporting a crypto bill that provides clarity and confidence for innovators and investors is a clear economic win.”
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The results of this poll are specific to crypto investors and should not be used to generalize voting behavior across partisan lines to the American public as a whole. Nevertheless, the results demonstrate how digital asset policy is becoming increasingly important for political success.
growing voter bloc
According to a July Gallup poll, 14% of U.S. adults currently own cryptocurrencies, and an additional 4% say they are likely to purchase cryptocurrencies in the near future.
A further 17% admitted they were interested in the investment but had no intention of buying it right away.
From one perspective, this result shows that there are still limits to the widespread appeal of cryptocurrencies. However, when compared to similar polls in the past, cryptocurrency adoption has increased. According to Gallup, the percentage of Americans who own cryptocurrencies increased from single digits in 2021.
This demographic will be a powerful force for candidates in the 2026 midterm elections, not only because of their voting trends but also because of recent political lobbying that favors Republicans.
BeInCrypto’s previous research revealed that crypto companies are leading the Republican push. Major companies such as Ripple and Coinbase have already donated more than $56 million to Trump-backed political action committees (PACs).
Campaign finance trends in the current election cycle contrast sharply with campaign finance trends in 2024. Before the federal election, crypto companies and individual donors spread their contributions across the Republican and Democratic parties.
