Crypto voter bloc could swing upcoming election, says Digital Chamber CEO

11/01/2024 04:51
Crypto voter bloc could swing upcoming election, says Digital Chamber CEO

A new poll shows crypto voters are a rising bipartisan force that could impact election outcomes.

As the U.S. election approaches, Scott Melker, Host of The Wolf of All Streets podcast, sat down with Perianne Boring, Founder and CEO of The Digital Chamber, to discuss a groundbreaking national poll revealing the potential impact of the crypto voter bloc on the election outcome.

"The Digital Chamber conducted a nationwide poll in September and released the findings just a few days ago," Boring explained. "We wanted to understand who the crypto voter is — those showing up to the polls and making decisions based on cryptocurrency." The survey found that one in seven active voters, about 16% of likely voters or roughly 23 million Americans, consider crypto extremely important in determining their vote.

With such significant numbers, Melker pointed out that "The crypto voting bloc could actually be the determining factor." Boring agreed, noting that the results were surprisingly bipartisan. "We got really similar numbers from Republicans as we did from Democrats," she said. "Crypto continues to be a nonpartisan issue; it draws people in from both sides of the aisle."

Boring highlighted the importance of politicians recognizing this influential group. "There's a reason why you see candidates like Elizabeth Warren starting to soften their language as we're getting closer to the election," she remarked. "Anti-crypto positions are not popular." She urged voters to not just listen to politicians' statements but to "look at what they do" and examine their track records on crypto policies.

As for actionable steps, Boring emphasized the critical need for voter participation. "Showing up and participating is absolutely critical," she said, pointing to states like Ohio where the crypto community could sway the election. "If just a small amount of people shows up, they have the opportunity to push the election one way or the other." Melker concluded, "It's going to certainly be an interesting week and maybe weeks to come as we settle in and find out who won the election and which pivotal races went in the direction of the crypto industry."

The potential influence of the crypto voter bloc underscores a significant shift in political dynamics. With the crypto community's growing numbers and bipartisan nature, their collective voice could redefine policy priorities. Boring is optimistic: "We have incredible momentum to get real work done to move our industry forward. Going into 2025, we absolutely have a big chance to reset crypto policy here in the United States."

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