Ahead of the Midterms, the survey shows that most voters want more crypto regulations

Just ahead of the midterm elections, a new poll finds a majority of voters believe additional crypto regulation would be beneficial – reflecting the growing importance and use of the space, despite the headwinds it has faced in recent months.

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In fact, a new survey by the Crypto Council on Innovation (CCI) found that 52% of Americans say the crypto space needs more regulation, while 20% say the space already has enough regulation.

In a press release, Cory Gardner, former US Senator and chief political affairs strategist for the Crypto Council, said, “Ballots are going out across the country – Election Day is just a few weeks away. This election promises some of the most competitive races in a generation, with many races that are likely to be decided by narrow margins. The crypto community is ready to make its voice heard in November – those candidates who listen will get their vote.”

Gardner added that voters are echoing what the rest of the crypto industry has been asking for years: Create clear regulation that protects consumers.

Voters expect lawmakers to take crypto seriously

The survey also found that 45% of voters believe lawmakers should treat crypto as a serious and valid part of the economy.

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“It’s not surprising that crypto is having what appears to be a growing impact on the US election,” said Daryl Kelly, founder of LTD.INC. “The industry has grown exponentially in recent years, especially with more and more young people getting involved in everything from NFTs and DeFi to actual trading. As a result, you’re seeing more and more people – that is, actual voters – have their financial future increasingly linked to this industry.

“And this, in turn, is why you’re seeing more agreement between Republicans and Democrats on the issue of digital assets, including on regulation. And I think a result of all of this is increasing pressure on lawmakers and political candidates to approach regulating crypto from a more productive, pro-innovation stance. It’s really exciting to see how this plays out.”

The survey also found that 32% of respondents say it is valuable for politicians to take a stand on cryptocurrencies, while 19% say politicians’ attitudes are an important factor in determining their votes for federal, state and local office.

“Democrats and Republicans tend not to agree on many things. But when it comes to digital assets, this is an issue on which both parties seem to find more agreement, says Calanthia Mei, co-founder of Masa Finance. “That’s a good thing.

“The ethos of Web3 is to open the doors to a more inclusive financial system. And so, as more ordinary people gain exposure to digital assets, I think the calls for friendlier regulation to normalize digital assets in everyday life will grow stronger. And in turn politicians on both sides of the aisle will increasingly have to take this into account when it comes to platforms and voters, especially as the younger, more internet-native generations become more involved with Web3.

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