What role did crypto voters play in the 2024 US election?
In the aftermath of the 2024 US elections, political analysts are examining the influence of crypto voters, with many pro-crypto candidates securing victories in their races. According to the advocacy group Stand With Crypto, approximately 270 pro-crypto candidates gained seats in Congress. Election Day polling suggested that around half of crypto voters leaned Republican, potentially aiding Donald Trump's popular vote achievement. Analysts noted that Democrats missed an opportunity to engage this voting bloc due to internal divisions over pro-crypto stances. Trump emphasized crypto during his campaign, while Vice President Kamala Harris's lack of clear support may have cost Democrats. Some candidates, like Representative Wiley Nickel, highlighted that crypto policy was significant for voters, as seen in states where Trump and pro-crypto Democrats won. Additionally, an estimated $134 million was spent by crypto-backed PACs to support favorable candidates, further illustrating the financial impact of the industry on the elections. Overall, the results show that crypto policy played a crucial role in shaping voter decisions in pivotal states.
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