– 27% of Californians, around 8.2 million individuals, own digital assets, including BTC
– 78% of California crypto holders believe policymakers should support innovative technologies, including Bitcoin
– 4 out of 5 California crypto owners would be more likely to support candidates who support the U.S. crypto industry, including Bitcoin
– 51% of Generation Z and millennials voters are likely to support candidates with favorable views towards cryptocurrencies in the 2024 elections
– Crypto users could form a crucial swing voting bloc in the 2024 elections, impacting BTC regulations
– Digital assets, including Bitcoin, have already emerged as a campaign issue for Republican Party presidential candidates
– Former President Donald Trump has vowed to prevent the introduction of a digital dollar and central bank digital currency (CBDC), including Bitcoin
1. Cryptocurrency impact on California elections:
– Approximately 27% of Californians, equivalent to around 8.2 million individuals, own digital assets according to data from Morning Consult.
– 78% of crypto holders in California believe that policymakers should support new, innovative, and disruptive technologies.
2. Voter preferences and political impact:
– The majority of Generation Z and millennials expressed their likelihood of supporting candidates with favorable views towards cryptocurrencies in the upcoming 2024 elections.
– This data is significant as potential candidates for both major political parties have already appeared on primary ballots in states like South Carolina and New Hampshire.
3. Calls for clear regulations:
– A majority of U.S. voters prefer lawmakers who aim to establish clear regulations for cryptocurrencies as per a survey conducted by the Crypto Council for Innovation in January.
– Coinbase has emphasized the importance of policymakers taking note of the engagement and preferences of crypto voters and urged Congress and other decision-makers to establish clear rules for the cryptocurrency industry.
4. Cryptocurrency in presidential campaigns:
– Digital assets have already emerged as a campaign issue for Republican Party presidential candidates, with Florida Governor Ron DeSantis expressing opposition to central bank digital currencies in the United States and former President Donald Trump vowing to prevent the introduction of a digital dollar if reelected.
5. Former President Donald Trump’s stance:
– Former President Donald Trump has expressed opposition to the introduction of a central bank digital currency (CBDC) and credited former Republican rival, Vivek Ramaswamy, for informing him of the dangers of CBDC.
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