Cash News
According to a research by Coinbase, in key swing states crucial for the 2024 U.S. presidential election, young crypto holders under 35 are almost evenly split between Democrats and Republicans, at 41% and 39%, respectively. This suggests that crypto’s influence could be pivotal in these key battlegrounds.
Young voters have historically swayed elections, with an increase in turnout noted in the 2020 elections compared to 2016. However, this trend didn’t carry over to the 2022 midterms, where only 36% of voters were under 50, down from 40% in 2018. Coinbase stated, “Young voters can tip the scales for either party – and this is all the more critical in battleground states where a handful of ballots can mean the path to victory for either party.”
Donald Trump, the Republican nominee, has shifted from criticizing Bitcoin to engaging with digital assets, including launching NFTs. Meanwhile, Vice President Kamala Harris, on the Democratic ticket, has remained largely silent on crypto since her campaign began in July.
The Democrats are holding their convention in Chicago, though it’s unclear if digital assets will be discussed. The recent update to their party platform didn’t mention crypto or blockchain. Despite some Democrats hinting at a shift from President Biden’s anti-crypto stance, the 2024 platform focuses on issues like corporate greed, housing, education, and foreign policy, with no reference to digital assets.
As of August 19, polls show Harris and Trump in a close race, with either candidate slightly leading in swing states. In the 2020 election, Biden’s victory over Trump was secured by a narrow margin in key states.