Crypto and decentralization could influence voters in 2022 US midterm elections: Report

Share This Post

“Voters are less likely to support candidates perceived as standing in the way of a decentralized internet,” said Haun Ventures.

A poll of 800 likely midterm voters in four U.S. swing states suggested that the overwhelming majority favored ideas around decentralization, and many were HODLers.

According to a Sept. 29 report from venture capital firm Haun Ventures on a survey conducted by business intelligence company Morning Consult, roughly one in five voters polled in New Hampshire, Nevada, Ohio and Pennsylvania said they owned cryptocurrency or nonfungible tokens. In addition, 91% of respondents supported a “community owned, community governed” internet that “gives people greater control over their information.”

Poll of 800 swing state voters who own digital assets. Source: Haun Ventures

“Significantly, and reflective of how the values that voters associate with Web3 will drive electoral behavior, voters are less likely to support candidates perceived as standing in the way of a decentralized internet,” said Haun Ventures. “In other words, as both parties consider how good Web3 policy will translate into good politics, the values of Web3 are what voters want to see elected officials supporting, not standing in the way of.”

The survey noted that the voters polled leaned slightly Democratic, but promoting a decentralized and democratized internet seemed to be a bipartisan issue, with both sides having “limited faith in the government’s ability” to regulate Web3. Haun Ventures reported that 55% of voters surveyed would be less likely to vote for political candidates who opposed internet decentralization policies, while 72% of HODLers in the poll said they owned digital assets “because they want an economic system that is more democratized, fair, and works for more people.”

“This poll makes it clear that in these swing states, Web3 Voters now represent a significant cohort of the middle class electorate, and are younger and more diverse than the population as a whole.”

Source: Haun Ventures

Related: US lawmaker hints at calling for Republican votes in 2022 midterms over crypto policies

The poll targeted people planning to vote in the 2022 midterm elections in the United States, to be held in November with candidates taking office in January. Morning Consult conducted the survey from Sept. 15–20. Katie Haun, a Coinbase board member and former board member for OpenSea, raised $1.5 billion to form Haun Ventures in March for investments in Web3.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Immutable Hit With Wells Notice as SEC Extends ‘Overreach’ to Web3 Gaming

Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale Regulation by Enforcement Web3 gaming company Immutable announced on Nov 1 that it had been issued a Wells

SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next?

After recovering from the market retrace, SUI is trying to reclaim the $2 mark and break out from a bullish pattern Some market watchers suggested the cryptocurrency will pull some “big moves”

MicroStrategy Moves $114M in Bitcoin to New Wallet, Plans Future BTC Purchases

The post MicroStrategy Moves $114M in Bitcoin to New Wallet, Plans Future BTC Purchases appeared first on Coinpedia Fintech News According to Lookonchain data, MicroStrategy recently transferred

Analysts Give Short and Long-Term Predictions for Algorand and Lunex Network, Tron Faces Resistance

The post Analysts Give Short and Long-Term Predictions for Algorand and Lunex Network, Tron Faces Resistance appeared first on Coinpedia Fintech News With the potential price pump in the crypto

Bitcoin Market Sentiment Enters Extreme Greed Zone, What Does This Mean For BTC?

Despite facing strong resistance at the $73,000 price level, leading to a notable price drop on Thursday after a remarkable week of upside movement, traders and investors are still betting on

FBI-Created Token Hits Its Mark: Landmark Guilty Plea Shatters Crypto Fraud Ring

The FBI’s fake cryptocurrency token unraveled a landmark market manipulation case, leading a founder to plead guilty to running automated wash trades across exchanges In FBI-Created Token’s Trap,