The crypto voter is a force in the 2024 election

October 29, 2024

The results are clear. This year, for the first time, we have seen the incredible influence of a new, engaged, and powerful voting bloc: the crypto voter. Fifty-two million Americans (15% of all U.S. adults) currently own some form of cryptocurrency, and there are eight times as many crypto owners excited to vote for candidates who support crypto than the margin of victory in the 2020 Presidential Election.

Across the five key swing states of Arizona, Nevada, Michigan, Wisconsin, and Pennsylvania alone, there are over 4 million cryptocurrency owners. Crypto owners in these states are more likely to be under 35 (22% compared to 13% of all crypto-aware adults) and non-white (25% vs 18%). They are also bipartisan (identify as 44% Republican, 39% Democrat).

Over the past year, Stand With Crypto has engaged and mobilized this new voter base to support champions of cryptocurrency and effective, smart crypto regulation.

With 67% of crypto owners eager to support candidates who support the industry, this group will make the difference next week.

Crypto is no longer just one issue of many in this election, it is one of the central forces shaping the future makeup of our government.

This memo provides a detailed, data-backed assessment of how crypto voters and Stand With Crypto's organizing strategy helped the crypto vote to drive momentum and deliver results in this election cycle.

Engaging and Energizing the Cryptocurrency Community

In September 2024, Stand With Crypto launched its "America Loves Crypto" bus tour to drive engagement and excitement for the election and crypto across the country, with a focus on key swing states. Key data from the America Loves Crypto tour include:

  • 6 swing states visited: Arizona, Nevada, Michigan, Wisconsin, Pennsylvania, and Ohio
  • Over 2,000 advocates attended in-person events
  • 10+ elected officials or legislators engaged, including:
  • Sen. Kyrsten Sinema, I-AZ
  • Rep. Wiley Nickel, D-NC
  • Arizona House Speaker Pro Tempore Travis Grantham, R-AZ
  • Rudy Pamintuan, R-NV
  • Treasurer Zach Conine, D-NV
  • Rep. Ryan Bergman, R-MI
  • Washington County Executive Joshua Schoemann
  • Sen. Pat Toomey, R-PA (retired)
  • Rep. Patrick Murphy, D-PA (former)

Mobilizing the Crypto Voter Bloc

Crypto voters are ready to make their voices heard. A recent national poll by The Digital Chamber reveals that 1 in 7 likely voters identify as part of the Crypto Voting Bloc, indicating that cryptocurrency policy will significantly influence their vote in the 2024 elections. This bloc, comprising 26 million Americans, spans both Republicans and Democrats, highlighting the growing political influence of cryptocurrency.

Changing the Arc of the 2024 Election

As crypto has emerged as a key issue for these voters, they are increasingly aligning with candidates who support the industry. In response, many candidates have recognized this growing trend and are beginning to take clear positions on crypto-related policies. Below are key data from Stand With Crypto's scorecard that highlight the influence of the crypto voter:

  • 355 federal candidates who are pro-crypto (rated "A" or "B")
  • 75 Democrats, 229 Republicans, and 3 Independents scoring an "A"
  • 8 "A" rated candidates in Arizona, 12 in Michigan, 8 in Nevada, 13 in Ohio, 12 in Pennsylvania, and 5 in Wisconsin
  • 307 candidates supported prominent pro-crypto bills (FIT21, SAB 121, and the CBDC Anti-Surveillance State Act)

Media Highlights on Crypto's Role in 2024 Election: