Australian elections are approaching, with members of Australia’s 48th Parliament set to be elected on or before 17 May 2025.

As the country anticipates the federal election, a recent YouGov poll indicates that cryptocurrency investors may play a significant role, akin to the influence seen in the recent US elections.

According to the YouGov poll results dated 16 February 2025, a substantial portion of voters is leaning toward candidates supporting pro-crypto policies.

Notably, younger Australians are more favorable toward these policies compared to older voters who exhibit skepticism.

Evening News Update #Web3
🗳️ A Swyftx survey indicates that 2 million Australian crypto investors could tilt the next federal election, with 59% preferring pro-crypto candidates.
📉 The #Base ecosystem token trading volume has fallen 78% since December, with most holders remaining unprofitable.
— CoinRank (@CoinRank_io) February 20, 2025

22% of Australian Voters Have Invested In Crypto

The Swyftx survey reveals that around 22% of Australian voters have invested in cryptocurrency, equating to about four million adults. Of these, 59% are more likely to back candidates who advocate for supportive crypto policies. This creates a potentially influential voting bloc of 2 million Australians in key electoral regions.

“For the first time in our political history, we’re about to enter a federal election with a crypto-voting bloc that’s big enough and motivated enough to swing the result,” said Jason Titman, CEO of Swyftx. He emphasized that this group is mainly affluent, under 50, and situated in suburban areas that often play a critical role in election outcomes.

Additionally, the survey indicates that 18% of voters aged over 50 are less likely to favor pro-crypto politicians, raising questions for candidates trying to appeal across generational divides. Titman recognized this gap, urging the crypto sector to enhance its communication with non-crypto users about the productivity and investment advantages of crypto technology.

Political Implications: Coalition vs. Labor

The YouGov poll suggests the center-right Coalition, led by Peter Dutton, as the frontrunner. The Coalition is projected to secure 73 seats—just three seats shy of the 76 needed to attain a majority, while the incumbent center-left Labor Party, led by Prime Minister Anthony Albanese, is facing significant challenges in retaining power.

In recent years, there has been growing interest in cryptocurrency in Australia, although regulatory uncertainties have impeded its full acceptance. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has cracked down on over 50 cryptocurrency exchanges for non-compliance with anti-money laundering standards.

On 17 February 2025, AUSTRAC reported taking action against 13 remittance and digital currency exchange providers, with over 50 more still under scrutiny.

Explore: Australian Regulator AUSTRAC Reviews 50 Crypto Service Providers, Takes Action Against 13

Key Takeaways

• A Swyftx survey indicates that 2 million Australian crypto investors may influence the next federal election, with 59% favoring pro-crypto candidates.