By George Ward
As the United States of America midterm elections are close, the demand for Cryptocurrency voters and candidates is increasing.
In addition, a lot of citizens are in support of the implementation of better regulations for the crypto industry.
Based on a new industry survey by the Crypto Council for Innovation, over half of the participants favor more regulations.
The survey was carried out between October 8-10, 2022. Of 1,200 voters polled in the United States, 54% believe better laws would benefit the crypto market.
Just 7% of the participants were in support of seeing fewer regulations.
The statement concerning the survey revealed that “The outcome of a nationwide poll shows cryptocurrency users would have a huge impact in close elections across the United States of America.”
The Crypto Council for Innovation is an industry group supported by big crypto companies like Coinbase, Paradigm, and Fidelity Digital Assets.
One Out Of Seven Voters Are Cryptocurrency Holders
In addition, the nationwide survey results show that one out of seven voters for the poll are crypto holders, investors or traders.
This big group has shown interest in pro-crypto candidates in the midterm elections.
Half of the respondents believe that the crypto industry is a long-term factor in the economy and finance sector. Based on region, there was little difference in opinions.
More than a quarter of African and Latino American participants have a more positive perspective of the crypto industry than banks.
But, according to a Chief Strategist for the Crypto Council for Innovation, Rory Gardner, Congress is a crucial component for clarity:
“Working as one, it is possible for the United States of America to create more gateways to improve meaningful economic boost and project a digital future where cryptocurrencies’ full potentials come to reality through meticulous discussion and smart policy.”
Based on another survey by the Global Strategy Group at the beginning of this month, 44% of voters are crypto holders.
Furthermore, these people have or are interested and ready to start investing in digital assets.
Meanwhile, policymakers have more significant issues to solve with the election date approaching.
However, those close to the US crypto industry said that nothing will likely change until mid-2023.