Crypto Updates

Donald Trump’s Pro-Crypto Stance Helping With Potential 2024 Election Victory: Poll

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

A new poll indicates that Donald Trump’s pro-crypto stances are helping him win over Republican voters for the 2024 Presidential Election.

According to a poll conducted by research investment firm Paradigm during the month of June, conservative voters are embracing financial freedom and pro-crypto candidates.

“Republican candidates defending crypto – such as Sam Brown, Dave McCormick, and Bernie Moreno – have strong support for their positions from GOP voters.

Republicans sharply disagree with the Warren-Gensler worldview of centralized control: CBDCs (central bank digital currencies), debanking, and forcing all financial transactions through big banks. In short, Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules.”

The poll finds that 87% of Republicans who own digital assets plan to accumulate more within the next year while 13% of Republicans who don’t own cryptocurrencies said they were likely to be first-time purchasers during the same time frame.

Furthermore, the poll finds that Republicans appear to believe that the Biden Administration is weaponizing banking regulations, causing them to distrust institutions.

The data also shows that 67% of them are disgruntled with how the financial system works today while 72% of them are somewhat concerned they could lose access to financial services due to their beliefs.

The poll indicates that Republicans are concerned about the lack of clear crypto regulations and want Congress to address the issue.

“60% say Congress should pass legislation that establishes clear and predictable rules for cryptocurrency companies and entrepreneurs. More Republican voters believe elected representatives in Congress should take the lead (40%) over unelected appointees at government agencies (16%) in crafting crypto regulation.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor…

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