Crypto

Trump Vs. Harris: Who Do Voters Trust More To Handle Crypto Policies?

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A new study has revealed that almost half of U.S. voters are in favor of pro-crypto policies, showing a growing willingness to cross party lines for candidates supporting cryptocurrency.

The survey, conducted by HarrisX and Consensys indicates that 85% of those polled want presidential candidates to adopt a pro-crypto stance, highlighting the importance of crypto in the political arena.

Voters Prioritize Pro-Crypto Policies

According to the study, 49% of U.S. voters see a pro-crypto position as crucial, and a significant 62% are open to voting for a candidate from a different political party if they support crypto-friendly policies.

The data highlights that crypto is not confined to a single political ideology and that the party that takes a proactive approach towards cryptocurrency could gain a strategic advantage in the electoral landscape.

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The study further reveals that 44% of respondents think the current administration is not doing enough to support the crypto industry.

Additionally, 78% said they would back politicians who commit to protecting consumers from crypto-related scams, indicating a strong desire for effective regulation.

Joe Lubin, CEO and co-founder of Consensys and Ethereum ETH/USD, said, “There’s a myth that the crypto sector doesn’t want regulation, but that’s simply not true. Consensys is an active proponent of much-needed regulatory clarity to enable an industry that serves as the backbone of countless new technologies and innovations to thrive in the United States. We’ve been operating under a cloud of uncertainty for too long, and the results of this poll show that crypto is a bipartisan issue, with voters also calling for clarity and a pro-crypto stance.”

Also Read: Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald’s Adopts Dogecoin To Promoting A ‘DOGE’ Department

Who Should Regulate Crypto?

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When it comes to determining which U.S. body should regulate the crypto industry, opinions vary.

Only 15% of respondents believe the Securities and Exchange Commission (SEC) is currently overseeing the crypto sector, while a mere 4% think the Commodity Futures Trading Commission (CFTC) is in charge.

Eleven percent of those surveyed say the U.S. Treasury Department is responsible, while another 11% believe the industry is self-regulating.

Interestingly, when asked which entities or individuals have enough knowledge of crypto to set appropriate policies, 70% of participants chose the SEC, while 67% picked the CFTC.

This indicates a general trust in these institutions’ abilities to guide the future of crypto regulation.

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Political Figures and Crypto Understanding

Among the politicians, former President Donald Trump received the highest score, with 53% of respondents believing he understands the crypto industry well enough to implement suitable policies.

This is significantly higher than the 41% who felt the same about Vice President Kamala Harris.

President Joe Biden trails with only 36% of respondents confident in his understanding of the crypto sector.

For more insights and discussions on the evolving crypto landscape, join Benzinga’s Future of Digital Assets event on Nov. 19.

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