Polls suggest Elizabeth Warren’s anti-crypto-army strategy may not pay off
US Senator for Massachusetts Elizabeth Warren is making her “anti-crypto” agenda a centerpiece of her re-election campaign, despite polls suggesting the majority of Americans believe crypto is a key innovation for the future.
In a March 30 tweet, Warren suggested she was fighting to put “government on the side of working families,” prominently quoting a Politico headline that said, “Elizabeth Warren is building an anti-crypto army.”
The ‘Pro-crypto Army’ took to Twitter to lambast the senator. Popular YouTuber Coin Bureau ridiculed strategy, saying, “Imagine thinking that building an ‘anti-crypto army’ will get you votes?” while crypto advocate Lord TJ proposed that attitude will “push innovation offshore.”
While the senator undoubtedly has access to his own private polling on the issues, recent industry-commissioned polling suggests that stance will not be a vote-winner among the majority of the population.
In a survey on 24 February commissioned by the crypto exchange Coinbase, fully 76% of the representative sample believed that “cryptocurrency and blockchain are the future”.
A survey commissioned by digital asset management firm Grayscale Investments in November 2022 shared similar sentiments, with the responses interestingly suggesting that 59% of Democrats consider crypto to be the future of finance. That’s more than the 51% of Republicans who said the same.
In Warren’s favor, however, the crises of 2022 such as the collapses of BlockFi, FTX and Terra Luna have weighed heavily on crypto sentiment among the public, with a recent survey by Morning Consult finding that confidence in crypto had fallen over time. year.
The phrase “Elizabeth Warren is building an anti-crypto army” was first mentioned in a Politico article on February 14, which claimed that she “started recruiting conservative Senate Republicans to her anti-crypto cause and got some early positive vibes from bank lobbyists.” “
Related: Elizabeth Warren is pushing the Senate to ban your crypto wallet
The senator seems to have liked the phrase, however, considering that she has prominently featured it in her re-election campaign.
Warren has long been a vocal critic of crypto, even suggesting it will destroy the economy in a Wall Street Journal op-ed shortly after the collapse of crypto exchange FTX.
On February 14th, Warren promised to reintroduce an anti-money laundering (AML) bill she had previously introduced that would extend to decentralized finance (DeFi) and decentralized autonomous organizations (DAOs), while requiring zero-host wallets, miners and validators to implement AML policies.
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