US Elections 2024 : Trump or Kamala ❓

Can Trump’s Crypto Support Secure Him Victory Over Harris?

Oct 04, 2024

US Election 2024 Forecast: The Crypto Factor in the Trump-Harris Showdown

Recent polling from Polymarket shows Donald Trump edging out Kamala Harris, with Trump at 50% and Harris at 49%. As the election approaches, support from pro-crypto voters may be crucial, especially in key swing states.

The Influence of Pro-Crypto Voters

A survey by HarrisX for ConsenSys reveals that pro-crypto voters are becoming more engaged. An impressive 92% of cryptocurrency owners plan to vote on November 5. This demographic is increasingly viewed as a key player in the elections.

The survey found that 49% of voters consider a candidate's stance on cryptocurrency important, and 40% would switch party affiliation for a candidate who supports crypto.

Key Swing States

Pro-crypto voters could be particularly influential in swing states like Pennsylvania and Wisconsin. In Pennsylvania, 34% of voters would switch parties to support a pro-crypto candidate. In Wisconsin, 40% believe Republicans are better equipped to handle cryptocurrency regulation.

Trump's Favorability Among Voters

Trump’s pro-crypto stance resonates with many voters. The survey found that 56% support him because of his favorable view on cryptocurrency. This shift comes as the race tightens between him and Harris.

Conversely, Kamala Harris faces pressure to clarify her position on cryptocurrency. About 54% of voters think it's essential for her to take a stand, and 55% support her opposition to strict regulations from the U.S. Securities and Exchange Commission (SEC).

A Bipartisan Issue

Polls show that neither party has fully mobilized the crypto vote. Currently, 35% believe Republicans will handle cryptocurrency policy best, while 32% favor Democrats, and 26% remain undecided. This indicates that cryptocurrency is a bipartisan issue, offering both candidates a chance to appeal to undecided voters.

Additionally, 40% of U.S. voters feel the government isn't doing enough to support the cryptocurrency market. These voters seek clearer regulations, better consumer protections, and increased transparency.

Recent Developments in Betting and Crypto Regulation

A recent court ruling allows prediction markets to legally bet on the 2024 elections. Kalshi received approval from the Commodity Futures Trading Commission (CFTC) to open a $100 million betting market for the election, adding uncertainty to the political landscape.

Discussions around crypto policy continue, with industry leaders expressing concerns over regulatory inaction. Influencer Austin Federa noted the demand for professionals in the crypto space, highlighting 237 job listings on the Solana community job board.

In response, Solana Labs co-founder Anatoly Yakovenko criticized state and federal agencies for their handling of crypto policies, stating that many of these jobs could have been created in the U.S. if not for government inefficiencies.

As the 2024 presidential election approaches, the influence of pro-crypto voters could be a game changer for both Trump and Harris. Their positions on cryptocurrency will likely play a significant role in shaping the race's outcome.