In brief – Only 13% of Americans say it’s very important that candidates support emerging technologies like crypto and DeFi, the survey found. – A broader pitch, keeping fintech builders in the U.S., ranks highest at 35%, with Republicans ahead of Democrats 45% to 30%. – The…
ypto industry has spent about $176 million on more than 100 midterm races this cycle, according to a Reuters review. The crypto industry is spending heavily on next week’s midterm elections
Voters aren’t putting it near the top of their lists. Only 13% of Americans say it’s extremely or very important that a political candidate supports the growth of emerging financial technologies like blockchain, crypto and decentralized finance, according to a survey conducted by Ipsos for the DeFi Education Fund, a crypto policy advocacy group. A broader pitch fared better.
About 35% say it’s very important that candidates ensure those building the next generation of financial technology are encouraged to do so in the U.S., the top-ranked policy position in the survey. Just 26% said the same about supporting new rules that allow innovation in the financial system. The DeFi Education Fund describes the results as “bipartisan support for U.S. innovation,” and the narrower crypto question shows little partisan gap: 15% of Republicans and 13% of Democrats rate it very important.