Cryptocurrencies could have a major impact on the US election

According to a report by Haun Ventures, one in five US voters invests in cryptocurrencies or NFTs, so candidates who oppose Web3 technologies are much less likely to receive the maximum number of votes.

According to the respondents who took part in the Haun Ventures survey, it is important for them that the candidate supports the cryptocurrency space rather than opposes it. Voters are inclined to democratize and decentralize the Internet, so 55% of respondents would be less likely to vote for a candidate who opposes decentralization.

«This survey clearly shows that US citizens who support modern technologies and cryptocurrencies make up a significant part of the electorate, and their decisions can change the course of the election,» Haun Ventures researchers concluded.

As a reminder, in November, the US will hold elections to the House of Representatives in each of the country’s 50 states. For this event, the American cryptocurrency exchange Coinbase has launched two projects: a voter registration tool and an educational initiative on cryptocurrency policy. «The leaders we elect in November will make key decisions on how cryptocurrencies, blockchain, and Web3 will be regulated. Our customers want to be heard, so it’s our duty to help them do so,» Coinbase CEO Faryar Shirzad wrote in his blog.