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Voters in four key swing states are against presidential candidates who oppose cryptocurrency, according to Coinbase.
Crypto exchange Coinbase has announced that it will concentrate its “Stand with Crypto” initiative on nine states in the U.S., including four “swing states” where voters are reportedly less inclined to support presidential candidates who oppose cryptocurrency.
The four “swing states” are New Hampshire, Nevada, Ohio, and Pennsylvania, which are among the states targeted by the crypto exchange for its “Stand with Crypto” initiative, as stated in a blog post on September 19.
“Polling conducted in the fall of 2022 indicated that in the critical states of NH, NV, OH, and PA, over half (55%) of voters expressed that they would be less likely to support candidates who are against crypto and Web3,” Coinbase mentioned, referencing survey data from a Morning Consult poll conducted a year earlier.
52M Americans own crypto. They’re younger & more diverse than the US population in total. But their voices aren’t being heard by Congress.
That’s about to change.
Here’s what we’re doing—and what you can do to help mobilize 1M people to #StandWithCrypto: https://t.co/stmH0WVUhO— Coinbase ️ (@coinbase) September 19, 2023
The poll published in October surveyed 800 likely voters across the four states. Between 13-19% of those surveyed reported owning cryptocurrency at the time of the poll.
Percentage of voters in the four swing states that own cryptocurrencies or nonfungible tokens. Source: Morning Consult
Coinbase also noted that in Nevada, Ohio, and Pennsylvania specifically, over 40% of cryptocurrency owners utilize blockchain technology to send money abroad to assist family members with expenses such as food, housing, and healthcare, often at significantly lower costs than traditional banks charge for international wire transfers.
Coinbase seeks to engage crypto users
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This research is highlighted in the context of the ongoing “Stand With Crypto” campaign, a 14-month initiative launched by Coinbase in August, advocating for cryptocurrency legislation in the nation.
While the campaign will concentrate on the four “swing states,” it will also place significant emphasis on Arizona, California, Georgia, Illinois, and Wisconsin, which have a higher concentration of crypto owners, according to Coinbase.
“While a growing number of elected officials in Congress are advocating for legislation to regulate crypto and drive progress in the financial system, others are simply choosing to protect the status quo.
Coinbase is also planning a “Stand with Crypto Day” in Washington D.C. on September 27 to promote improved cryptocurrency innovation and policy.
Related: Coinbase CEO says leaving US ‘not even in the realm of possibility right now’ — Report
The campaign is urging crypto owners and advocates to take a moment to contact their congressional representatives and request the passage of clear, sensible legislation.
“Today we kick off this effort by rallying the collective energy of the community, and taking the fight off X (formerly known as Twitter) and on to the phones.”
“The campaign will encourage crypto owners and supporters to take one minute of their day to call their member of Congress and ask them to pass clear, sensible legislation,” it further stated.
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