According to a new report by the Winklevoss twins-founded crypto exchange Gemini, cryptocurrencies are likely to play a signifcant role in the upcoming US presidential election.
Gemini Survey Results
Gemini’s latest 'Global State of Crypto' report, based on a survey of 6,000 adults, revealed that 73% of US crypto owners believe a candidate's stance on crypto will impact their vote. Additionally, 37% stated that a candidate's position on crypto would have a significant impact on their presidential vote.
Regulatory Concerns
The survey results indicate growing concerns about regulatory uncertainty as a barrier to investing in cryptocurrencies in the US. In 2024, 38% of respondents cited regulatory issues as a barrier to entering the crypto market, a notable increase from 28% in 2022.
Trends in Cryptocurrency Ownership
The report also indicated that the number of cryptocurrency owners in the US grew from 20% in 2022 to 21% in 2024, while past owners increased from 5% to 14%.
The findings from Gemini reflect the growing importance of cryptocurrencies in US presidential campaigns and suggest a shift in American investors’ attitudes towards cryptocurrencies despite increasing regulatory risks.
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