California Voters Set to Impact 2024 Elections
Around 27% of Californians, equivalent to approximately 8.2 million individuals, own cryptocurrencies, according to data from Morning Consult cited by Coinbase. Furthermore, 78% of crypto holders in the state believe that policymakers should support innovative technologies and express their intention to vote for candidates who align with these views.
Crypto Owners Backing Pro-Crypto Candidates
Nearly 4 out of 5 crypto owners in California would be more inclined to support a candidate who supports the US crypto industry as a job creator and geopolitical strength. This sentiment is consistent with a broader trend across the United States, where a slight majority of Generation Z and millennial voters stated their likelihood of supporting candidates with favorable views towards cryptocurrencies in the upcoming 2024 elections.
Importance of Crypto Voter Preferences
Coinbase’s findings echo those of a survey conducted by the Crypto Council for Innovation, which indicated that a majority of US voters preferred lawmakers who aimed to establish clear regulations for cryptocurrencies. Coinbase emphasized the importance of policymakers taking note of the engagement and preferences of crypto voters and urged Congress and decision-makers to establish clear rules for the cryptocurrency industry.
Digital Assets in Presidential Campaigns
Digital assets have already emerged as a campaign issue for Republican Party presidential candidates. Former President Donald Trump has expressed opposition to central bank digital currencies in the United States and vowed to prevent the introduction of a digital dollar if reelected. During a recent interview, he referred to a central bank digital currency (CBDC) as a “very dangerous thing.”
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