Democrats And Republicans: Yes To New Crypto Regulations

Grayscale Investments recently conducted a survey and announced on November 1 that Democrats and Republicans finally agree on something: the future of finance is cryptocurrency.

Grayscale is the world’s largest digital asset manager. This survey of 2,029 adults, conducted on their behalf by The Harris Poll, took place between Oct. 6-11. 

The findings were interesting, to say the least. 

Grayscale Finds Democrats and Republicans Agree

A whopping 53% agree that cryptocurrency is here to stay. Of those, 59% identified as Democrats and 52% classified as Republicans. Additionally, 44% plan to add crypto to their investment portfolio.

“This survey reinforces that crypto continues to generate diverse, mainstream investor interest and engagement,” said Michael Sonnenshein, CEO of Grayscale. “As we approach the midterm election, U.S. voters are considering the intersection of cryptocurrency, traditional finance and the state of the economy.”

Addressing the upcoming midterm election couldn’t have been more appropriate–considering the current economic state that is plaguing the U.S. To date, 60% of Americans believe the economy is on the wrong track, according to the survey. 

To take this a notch further, how the left and right view crypto could have an effect on the election.

Seventy-nine percent of Americans want clearer regulation of the crypto market, 57% say they would be more interested in voting for a candidate who is crypto-informed, 38% are considering crypto policy when voting and 21% of registered voters own cryptocurrency.

Why this heightened interest?

As Sonnenshein added, “As Americans consider the financial future, policymakers and regulators have an opportunity to protect investors through greater regulatory clarity and guidance, while allowing market participants, like financial advisors, to enable access to well-informed crypto offerings.”

The current record-high inflation and the right-around-the-corner recession have Americans more interested in “real money.” U.S. citizens also believe America is lacking in the crypto effort compared to other countries. 

Please follow and like us: