According to recent Morning Consult polling done on behalf of bitcoin exchange Coinbase, Americans who own cryptocurrencies support Vice President Harris and former President Trump equally.
According to a poll that was made public on Monday as part of Coinbase’s Q3 State of Crypto report, 47% of cryptocurrency owners intend to vote for Harris in November’s election, while 47% of them want to vote for Trump.
Trump and Harris have made an effort to court the cryptocurrency community, and the sector claims that cryptocurrency owners are a crucial vote bloc in this year’s extremely close election.
According to a Coinbase report, almost 6.5 million of the 52 million adult Americans who possess cryptocurrency reside in seven swing states: Arizona, Georgia, Michigan, North Carolina, Nevada, Pennsylvania, and Wisconsin.
The chief policy officer of Coinbase, Faryar Shirzad, told The Hill that “although cryptocurrency owners represent a broad cross-section of the population, there are big pockets of them in groups that matter electorally.”
Approximately 95% of cryptocurrency owners surveyed by Morning Consult stated they would vote in November, and 75% said they thought lawmakers should make sure the nation stays at the forefront of digital assets.
A different survey earlier this year by Impact Research on behalf of Coinbase revealed that 67% of cryptocurrency owners in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin were “enthusiastic” about voting for politicians that support cryptocurrency.
In an election cycle that will be decided by extremely narrow margins, Shirzad noted, “There are subsets of this very large cohort that are motivated by crypto as a voting issue and also are from demographic or geographic areas that matter.”
After previously calling cryptocurrencies a “scam,” Trump has come around to the business this cycle, promising to turn the United States into the “crypto capital of the planet” if elected in November and announcing a crypto initiative this month with his kids.
Compared to her opponent, Harris has adopted a more cautious stance on cryptocurrencies. The vice president declared last week that she would “encourage innovative technologies like AI and digital assets while protecting investors and consumers,” which was one of her strongest remarks to date on the subject.
Her embrace of cryptocurrency contrasts with President Biden’s administration’s contentious relationship with the sector, partly because the latter is dissatisfied with the way Securities and Exchange Commission (SEC) Chair Gary Gensler has approached enforcing cryptocurrency laws.
Two surveys conducted by Morning Consult provide the most recent polling data. Morning Consult conducted the first survey, with margins of error ranging from one to two percentage points, among 10,771 American adults and 1,577 American cryptocurrency owners from August 23 to August 29.
From August 28 to August 31, 2,407 adult Americans and 789 cryptocurrency owners participated in the second survey. Its margin of error ranged from 2 to 5 percentage points.