Republicans · Democrats · Decrypt
Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority
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The crypto industry is spending heavily on next week’s midterm elections.
Key facts
- One Fairshake affiliate has disclosed more than $46 million in spending against former Sen
- The DeFi Education Fund describes the results as “bipartisan support for U.S. innovation,” and the narrower crypto question shows little partisan gap: 15% of Republicans and 13% of Democrats rate it
- Only 13% of Americans say it’s extremely or important that a political candidate supports the growth of emerging financial technologies like blockchain, crypto and decentralized finance, according
- A broader pitch fared better. 26% said the same about supporting new rules that allow innovation in the financial system
Summary
Only 13% of Americans say it’s important that candidates support emerging technologies like crypto and DeFi, the survey found. A broader pitch, keeping fintech builders in the U.S., ranks highest at 35%, with Republicans ahead of Democrats 45% to 30%. The crypto industry has spent about $176 million on more than 100 midterm races this cycle, according to a Reuters review. Only 13% of Americans say it’s extremely or important that a political candidate supports the growth of emerging financial technologies like blockchain, crypto and decentralized finance, according to a survey conducted by Ipsos for the DeFi Education Fund, a crypto policy advocacy group. A broader pitch fared better. 26% said the same about supporting new rules that allow innovation in the financial system.