A poll conducted by research-driven technology investment firm Paradigm in June, published on Thursday, has revealed that Republicans strongly support financial freedom through cryptocurrency and oppose centralized control, such as central bank digital currencies ( CBDCs). Political candidates defending crypto, such as Sam Brown, Dave McCormick, and Bernie Moreno, enjoy significant GOP (Republican Party) support. Notably, 28% of Republicans own or have bought crypto, surpassing the national average. Younger and non-white Republicans are key demographics, with 41% of non-white and 45% of those under 40 owning crypto. Many hold substantial amounts, with 58% owning over $1,000.
Crypto Support Surges Among GOP Voters, Poll Finds
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Distrust in financial institutions is high, with 67% dissatisfied and 72% concerned about losing access to financial services. Privacy is crucial, with 94% opposing Internal Revenue Service (IRS) oversight and CBDCs. Republicans prefer Congress to establish clear crypto regulations, with 60% advocating for legislative action. Former President and current presidential candidate Donald Trump’s pro- crypto stance boosts his appeal, making 13% of “Never Trump” Republicans more likely to vote for him. Overall, Republicans view crypto positively, supporting private-sector innovation.
