Democrats and Republicans Agree That Crypto Is the Future of Finance

Democrats and Republicans Agree That Crypto Is the Future of Finance

A new survey has revealed that Democrats and Republicans agree that cryptocurrency is the future of finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. 44% of the respondents said they expect to have crypto as part of their investment portfolio in the future.

Cryptocurrencies Are the Future of Finance

The world’s largest digital currency asset manager, Grayscale Investments, announced on Tuesday that its new national survey report has revealed that "Democrats and Republicans agree that cryptocurrency is the future of finance."

The online survey was conducted on Grayscale’s behalf between Oct. 6-11 by The Harris Poll, a global market research and consulting firm. A total of 2,029 adults participated in the poll.

The survey studied "how Americans view the state of the economy and cryptocurrency against the backdrop of the 2022 United States election," the crypto firm detailed, adding:

"More than half of Americans surveyed (53%) agree that ‘cryptocurrencies are the future of finance,' including 59% of Democrats and 52% of Republicans, with 44% of Americans hoping to add crypto to their investment portfolio in the future."

25% of respondents have pointed out that record-high inflation, looming recession, and the current state of the economy have made them tilt towards cryptocurrency.

Grayscale CEO Michael Sonnenshein said, "As we approach the midterm election, US voters are considering the connection of cryptocurrency, traditional finance, and the state of the economy."

Clear Crypto Regulation Has Bipartisan Support

In terms of cryptocurrency regulation, 39% see the US as being behind other countries in creating a regulatory environment that makes it easy or safe for anyone to buy or trade digital assets.

81% of the voters agree that there should be clear cryptocurrency industry regulation. Grayscale reveals that this includes 88% of Democrats and 77% of Republicans. It added:

“More than four in five of both Republicans (81%) and Democrats (82%), feel it is important to take a consumer-first approach to regulation.”

The Crypto Council for Innovation, a crypto advocacy group, also recently conducted a national survey and found that a majority (52%) think that crypto needs more regulation.