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According to recent data released by the cryptocurrency exchange Coinbase, a significant majority of voters across four key swing states have expressed their reluctance to back presidential candidates who oppose the rise of cryptocurrencies and Web3.
This revelation stems from a survey conducted in the fall of 2022, capturing the sentiments of likely voters in New Hampshire, Nevada, Ohio, and Pennsylvania. Moreover, 13-19% of these respondents acknowledged owning cryptocurrency, highlighting the increasing penetration of digital assets among the general populace.
Coinbase’s Mobilization for Pro-Crypto Advocacy
Besides presenting these figures, Coinbase has been actively championing its “Stand With Crypto” campaign. As a result, launched 14 months ago, this movement’s primary aim is to encourage and lobby for crypto-friendly legislation across the United States.
Consequently, the exchange’s focus is broader than just the mentioned swing states. Coinbase also monitors high-volume crypto-ownership states, including Arizona, California, Georgia, Illinois, and Wisconsin.
Moreover, a fascinating pattern is developing in the numbers. Over forty percent of Bitcoin holders in places like Nevada, Ohio, and Pennsylvania use blockchain technology to send money abroad, often to help loved ones pay for necessities like food, housing, and medical care. Significantly, these transactions incur substantially lower costs than traditional banking channels, exemplifying crypto’s real-world utility and potential to disrupt the financial status quo.
However, while many lawmakers are warming up to clear regulations for the cryptocurrency sector, a faction still prefers to maintain the financial status quo. To address this, Coinbase is organizing a “Stand with Crypto Day” on September 27 in Washington, D.C.. The event’s core agenda is to champion more innovative and accommodating policies for the crypto industry.
In line with this, the campaign seeks to harness the collective might of the crypto community. Encouraging enthusiasts to make their voices heard, Coinbase is motivating them to reach out to their respective Congress members with the primary task of clear and sensible legislation for the burgeoning digital assets space.
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