Majority of Swing State Voters Support Pro-Crypto Candidates
A recent survey conducted by Coinbase, the cryptocurrency exchange, has revealed that a significant majority of voters in key swing states are reluctant to support presidential candidates who oppose the rise of cryptocurrencies and Web3. The survey, conducted in New Hampshire, Nevada, Ohio, and Pennsylvania, found that 13-19% of respondents owned cryptocurrency, indicating the increasing adoption of digital assets among the general population.
Coinbase’s “Stand With Crypto” Campaign
Coinbase has been actively promoting its “Stand With Crypto” campaign, which was launched 14 months ago. The campaign aims to advocate for crypto-friendly legislation across the United States. In addition to the swing states mentioned in the survey, Coinbase is also monitoring high-volume crypto-ownership states such as Arizona, California, Georgia, Illinois, and Wisconsin.
Crypto’s Real-World Utility
The survey also revealed an interesting trend among Bitcoin holders in Nevada, Ohio, and Pennsylvania. Over 40% of these holders use blockchain technology to send money abroad for essential purposes like food, housing, and medical care. These transactions have significantly lower costs compared to traditional banking channels, highlighting the practical utility of cryptocurrencies and their potential to disrupt the financial industry.
“Stand with Crypto Day” Advocacy Event
To address lawmakers who prefer to maintain the status quo in the financial sector, Coinbase is organizing a “Stand with Crypto Day” on September 27 in Washington, D.C. The event aims to advocate for more innovative and accommodating policies for the crypto industry. Coinbase is encouraging crypto enthusiasts to reach out to their Congress members to push for clear and sensible legislation in the digital assets space.
Hot Take: Swing State Voters Show Support for Pro-Crypto Candidates
A recent survey conducted by Coinbase indicates that voters in key swing states are reluctant to support presidential candidates who oppose cryptocurrencies and Web3. This shows the growing acceptance and adoption of digital assets among the general population. Coinbase’s “Stand With Crypto” campaign aims to advocate for crypto-friendly legislation across the United States, not just in swing states but also in other high-volume crypto-ownership states. The survey also highlights the real-world utility of cryptocurrencies, with many Bitcoin holders using blockchain technology to send money abroad at lower costs. To further promote crypto-friendly policies, Coinbase is organizing a “Stand with Crypto Day” advocacy event, urging enthusiasts to engage with their Congress members for clear and sensible legislation in the crypto industry.
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