In choosing candidates for the 2022 midterm elections, around a third of American citizens who are able to vote will “consider crypto policy positions,” according to a recent survey.
Grayscale Investments, a manager of digital currency assets, recently launched a new nationwide survey to learn how Americans feel about the status of the economy and cryptocurrencies in relation to the future election in the United States in 2022. The results were announced on November 1.
The Best Features of Grayscale
Between October 6 and November 20, 2022, an online result poll was conducted in the US.
According to a Harris Poll conducted on behalf of Grayscale Investments, 52% of Americans (including 59% of Democrats and 51% of Republicans) agreed that “cryptos represent the future of finance,” and 44% stated they expected to integrate crypto in their investing portfolio in the future.
“Voters and policymakers alike have been hearing about cryptocurrencies,” according to the Grayscale report, “and it appears they’ve taken advantage of the opportunity to learn about the asset class.” Despite their political differences, the survey found that the majority of Republicans and Democrats believe cryptocurrencies will play a significant role in the future of finance.
The American midterm elections, with Election Day set for November 8, have already begun in many states with early voting. Many voters are turning out to the polls due to a variety of issues, including abortion, gun control, free and fair elections, and the economy, which includes cryptocurrency. The outcome of the election will determine which party holds the majority in the House of Representatives and the Senate in the future.
In the current legislative session, Democrats are occupying 220 of the 212 seats held by Republicans in the House. There are three seats available. All 435 House seats as well as 34 Senate seats are up for election. On November 8, Republicans have a chance to take control of both chambers, which Democrats now hold by a narrow margin.
Economic Crisis Increasing Interest in Cryptos
Due to the shaky state of the economy right now, American investors may now be more interested in alternatives to the stock market and mutual funds. 25% of Americans said that the cost of cryptos and the state of the economy had increased their interest in them.
According to the report, there is a correlation between cryptocurrency adoption and interest in the asset, especially among younger investors from different backgrounds.
The current economic situation indicates that 34% of people identify as Black, 32% as Hispanic, and 37% of persons under the age of 45. Americans who identify as Black (30%), Hispanic (32%), or under 45 (33%), respectively, possess less than one-third of all cryptocurrencies.
Thorough Crypto Regulation Obtains Wide Support
Notably, 37% of those polled stated they research candidates’ stances on cryptocurrency before voting. 81% of respondents, including 77% of Republicans and 88% of Democrats, concur that the bitcoin business requires more precise regulations.
Ultimately, 81% of Republicans and 82% of Democrats concur that it is essential to adopt a consumer-first regulatory strategy.
By giving pertinent information about various goods and establishing a legislative framework that assures everyone can access crypto, this will enable people (rather than the government) to decide how to invest in cryptocurrencies.
