Coinbase: California Voters Favor Pro-Crypto Candidates in 2024 Elections
California voters who own cryptocurrencies are expected to have a significant impact on the 2024 elections.
Citing data from Morning Consult, a business intelligence firm, Coinbase revealed that approximately 27% of Californians, equivalent to around 8.2 million individuals, own digital assets.
Moreover, 78% of crypto holders in the state believe that policymakers should support “new, innovative, and disruptive technologies” and express their intention to vote for candidates who align with these views.
“California crypto owners overwhelmingly report that they would be much more likely to support candidates that hold pro-crypto and blockchain positions,” the exchange said in a blog post on February 9.
The exchange highlighted that nearly 4 out of 5 crypto owners in California would be more inclined to back a candidate who supports the U.S. crypto industry as a job creator and a source of geopolitical strength.
The sentiment in California aligns with a broader trend across the United States.
Among Generation Z and millennials, a slight majority of 51% of voters stated their likelihood of supporting candidates with favorable views towards cryptocurrencies in the upcoming 2024 elections.
This information becomes particularly relevant as potential candidates for both major political parties, such as U.S. President Joe Biden and former President Donald Trump, have already appeared on primary ballots in states like South Carolina and New Hampshire.
Coinbase’s findings echo those of a survey conducted by the Crypto Council for Innovation in January.
The advocacy group discovered that a majority of U.S. voters preferred lawmakers who aimed to establish clear regulations for cryptocurrencies. The survey further suggested that crypto users
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