2024

Cryptocurrency

President Donald Trump

Donald Trump

<h4><strong>A new Coinbase study has revealed that California’s crypto voters plan to play a major role in the coming election. These voters have shown a preference for pro-crypto candidates. </strong></h4> 
<p>Interestingly, California has a good number of crypto users. So, this means pro-crypto candidates could see a boost in the polls.</p> 
<h5><strong>Crypto Power: California Holders Set to Shape 2024 Vote</strong></h5> 
<p><span style="font-weight: 400;">Coinbase cites statistics from Morning Consult, a business intelligence firm in its report. The figures show that around 8.2 million individuals, or 27% of Californians, were crypto owners.&nbsp;</span></p> 
<p><span style="font-weight: 400;">The study <a href="https://www.coinbase.com/blog/california-voters-stand-with-crypto" target="_blank" rel="noopener">notes</a> that “California crypto owners overwhelmingly report that they would be much more likely to support candidates who hold pro-crypto and blockchain positions.” In addition, it added that “almost 4 in 5 CA crypto owners say they would be more likely to support a candidate who supports the U.S. crypto industry as a job creator and source of U.S. geopolitical strength.”</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">NEW: Coinbase predicts that the “crypto constituency will play a significant role in the 2024 election season.” </p> 
 <p>8.2 million adults in California <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f334.png" alt="🌴" class="wp-smiley" style="height: 1em; max-height: 1em;"> own digital assets, and nearly 80% of crypto owners in the state believe that crypto and blockchain are net positives for society. <a href="https://t.co/4hDL0V9McX">pic.twitter.com/4hDL0V9McX</a></p> 
 <p>— Bitcoin News (@BitcoinNewsCom) <a href="https://twitter.com/BitcoinNewsCom/status/1756407941136277963?ref_src=twsrc%5Etfw">February 10, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Interestingly, about 78% of American cryptocurrency owners believe that lawmakers should support novel and revolutionary technologies. And many of them would vote for politicians who support pro-cryptocurrency policies.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Furthermore, a lower majority (51%) of US Gen Z and millennial voters are likely to support candidates whose policies are friendly to cryptocurrencies in the 2024 elections. U.S. President Joe Biden and former President Donald Trump are the two most likely presidential candidates for both major parties.</span></p> 
<p><span style="font-weight: 400;">Presidential candidates from the Republican Party have already raised concerns about digital assets during their campaigns. Florida Governor, Ron DeSantis, publicly opposed digital currencies issued by central banks in the US before he withdrew his bid. Interestingly, Trump has warned against <a href="https://www.altcoinbuzz.io/?s=CBDC" target="_blank" rel="noopener">CBDCs</a> and vowed to stop their implementation should he return to the White House.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Both the Trump and Biden administrations have pursued a Central Bank Digital Currency. I will not; in fact, I will ban it — just as I did in Florida.</p> 
 <p>A CBDC is a massive threat to American liberty. It would allow the federal government to surveil all your purchases and control… <a href="https://t.co/2pRo39r1fB">pic.twitter.com/2pRo39r1fB</a></p> 
 <p>— Ron DeSantis (@RonDeSantis) <a href="https://twitter.com/RonDeSantis/status/1704135657466077300?ref_src=twsrc%5Etfw">September 19, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Demand for Better Policies</strong></h5> 
<p><span style="font-weight: 400;">The opinions of California’s pro-cryptocurrency voters also reflect a larger desire for regulation as opposed to the current haphazard treatment of digital assets. Coinbase wrote in its report: </span><span style="font-weight: 400;">“Congress and other policymakers should take note that crypto voters are engaged in their states and they want rules, not an unpredictable regulation-by-enforcement approach.”</span></p> 
<p><span style="font-weight: 400;">There’s a growing need for clearer policies in the US as the cryptocurrency market continues to expand and integrate into the financial system. The willingness of California’s crypto owners to support pro-crypto candidates is a clear message to Congress and politicians. Cryptocurrency holders are willing to collaborate to develop a better and more regulated industry.&nbsp;</span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<p><iframe title="The 4 Most Promising Bitcoin Crypto L2s (Besides Stacks STX)" width="696" height="392" src="https://www.youtube.com/embed/SLaTWvOkM4g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<h5><strong>Disclaimer</strong></h5> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/california-crypto-holders-to-influence-2024-elections/">California Crypto Holders to Influence 2024 Elections</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

California Crypto Holders to Influence 2024 Elections

Altcoin Buzz

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