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Source: Blockchain Knight
A new survey sponsored by Paradigm shows that Republican presidential candidate Trump won increasing support within the party after he recently expressed support for Crypto assets.
Last month, Paradigm, a venture capital firm focused on Crypto assets, conducted a survey of 1,025 possible Republican voters to understand their views on the emerging industry,The results show that they have deep trust in the current financial system and support Trump.
The survey shows that about 13% of Republicans have claimed they do not intend to vote for Trump, but they are now more likely to vote for Trump because of Trump’s stance on supporting Crypto assets.Another group of respondents also said that the enthusiasm for voting for the former president has increased.
Trump has taken a more favorable stance on Crypto assets and has pledged to support the industry.
During the campaign, Trump vowed to make the United States a “powerful country” in BTC mining, and said that Crypto assets may be the “last line of defense” against central bank digital currency (CBDC)..
At the same time, most respondents believed that Crypto assets are an important force in the U.S. economy.
Therefore, 40% of respondents suggested that the U.S. government should open a path for U.S. companies to develop products such as stablecoins in order to compete with China’s central bank digital currency (digital RMB).
In addition, about 60% of respondents said that the U.S. Congress should pass legislation to provide clear regulatory provisions for the Crypto asset industry.
Another 40% of respondents believe that elected representatives should oversee Crypto asset supervision rather than non-elected representatives appointed by government agencies such as the U.S. Securities and Exchange Commission (SEC).
The poll also highlights the use of Crypto assets by Republicans.Since March 2024, the proportion of Republicans who own or purchased Crypto assets has risen from 19% of the national average to 28%.
Of these people, 87% plan to buy more Crypto assets in the next year, while the remaining 13% plan to buy Crypto assets for the first time in the next 12 months.
Many respondents believe thatDistrust of the financial system is one of the reasons for getting involved in Crypto assets.
“72% of Republican voters are at least somewhat worried that they may lose access to financial services because of political or religious views,” the report said.
