The Impact of Crypto Voters in the 2024 Election

“In this election, the crypto vote could be the difference between winning and losing,” comments Logan Dobson, Executive Director of Stand With Crypto, an organization dedicated to crypto advocacy.
(Translation: “En esta elección, el voto cripto podría ser la diferencia entre ganar y perder.”)

As the election draws near, the crypto voting bloc has become a crucial part of the discourse, pushing candidates to address their plans and policies regarding cryptocurrency. The latest data indicates that crypto ownership is especially prevalent among younger voters in critical swing states.

Crypto owners are a diverse group, particularly in swing states such as Arizona, Michigan, Nevada, Ohio, Pennsylvania, and Wisconsin. Nationwide, 68% of crypto owners belong to the Millennial and Gen Z demographics, while 48% identify as racially diverse. In pivotal states that will influence the presidential election, more than 4 million voters are crypto owners, amplifying their significance in November's ballot.

A recent poll by the Digital Chamber indicates that about 16% of likely voters identify with the crypto voting bloc. This includes a bipartisan mix that sees crypto policy as vital to their electoral decisions. In fact, four out of ten Black voters consider crypto as “very” or “extremely” important for their voting choices in 2024.

There is notable bipartisan support for policies that promote growth in the crypto sector while protecting consumer rights. A majority of both Republicans and Democrats view crypto industry support as an essential priority for the next president and Congress, with substantial proportions indicating it should be a top priority.

Candidates acknowledging the potential of crypto voters have a unique opportunity to connect with this enthusiastic group by advocating for clear, actionable policies that foster innovation and consumer protection. This demographic is looking for concrete plans that recognize the transformative power of crypto technology in enhancing financial systems and economic inclusivity.

In the run-up to the election, Stand With Crypto initiated outreach efforts across five swing states—Arizona, Michigan, Nevada, Wisconsin, and Pennsylvania—holding events that engaged voters with the cause of pro-crypto legislation. Over 500,000 participants have taken advantage of their voter registration initiatives, reflecting the palpable excitement surrounding crypto policy among voters.

Looking ahead, with sights set on increasing their advocacy base to 4 million by 2026, crypto voters are becoming a formidable force, poised to influence candidates’ positions and policies in the 2024 elections. Their impact on the electoral landscape is undeniable as candidates shift to embrace their concerns and interests.

The important takeaway is this: the 2024 election is not just about candidate promises but about engaging with a passionate, established voter base that demands clarity and action in crypto policy.