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Voters in 4 States Oppose Anti-Crypto Presidential Candidates -Coinbase

Coinbase reveals voter sentiment in states favoring crypto-friendly candidates as it amps its 'Stand With Crypto' campaign.
Voters in 4 States Oppose Anti-Crypto Presidential Candidates -Coinbase

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.

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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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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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