As the 2024 U.S. election season kicks off, the crypto community is rallying behind candidates perceived as pro-crypto. Dr. Tonya M. Evans, a law professor at Pennsylvania State University, shared insights with Cointelegraph on how digital assets could influence the upcoming elections.
Dr. Evans believes the presidential race will hinge on slim margins where multiple issues, including crypto, could sway votes. She noted, however, that voters who are pro-crypto but care about other issues are less likely to be swayed solely by a candidate’s stance on digital assets.
The professor emphasized the importance of battleground states such as Pennsylvania, Georgia, and Arizona, where even minor shifts in voter preference could determine the election outcome. She suggested that the real game is about maneuvering within the Electoral College, not necessarily winning the popular vote.
Dr. Evans also pointed out that support for cryptocurrency cuts across party lines, evidenced by the $14 million spent by pro-crypto political action committees backing candidates from both parties. She argues that while crypto is a significant concern for many, it remains secondary to other pressing issues like the economy and social policies.
Recent polls reflect this sentiment: 6% of respondents in a Benzinga survey expressed interest in hearing candidates discuss crypto, while 45% prioritized the economy. A Gemini poll revealed that 73% of adults in the U.S. said a candidate’s stance on crypto would influence their vote to some extent.
With the election nearing, crypto could indeed be a tipping point in states where every vote counts.