Crypto and Decentralization May Influence Voters in 2022 US Midterm Elections: Report

Crypto and Decentralization May Influence Voters in 2022 US Midterm Elections: Report

A poll of 800 likely midterm voters in four US swing states suggested that the overwhelming majority favored ideas around decentralization, and many were HODLers.

According to a Sept. 29 report by venture capital firm Haun Ventures on a survey conducted by business intelligence firm Morning Consult, roughly one in five voters polled in New Hampshire, Nevada, Ohio and Pennsylvania said they owned cryptocurrency or non-fungibles tokens. In addition, 91% of respondents supported a “community-owned, community-managed” Internet that “gives people more control over their information.”

Poll of 800 swing state voters who own digital assets. Source: Haun Ventures

“Importantly, and reflecting how the values ​​that voters associate with Web3 will drive voting behavior, voters are less likely to support candidates who are perceived to stand in the way of a decentralized Internet,” Haun Ventures said. “In other words, as both parties consider how good Web3 policy will translate into good policy, the values ​​of Web3 are what voters want to see elected officials support, not stand in the way of.”

The survey noted that voters polled leaned slightly Democratic, but promoting a decentralized and democratized Internet appeared to be a bipartisan issue, with both sides having “limited faith in the government’s ability” to regulate Web3. Haun Ventures reported that 55% of voters surveyed would be less likely to vote for political candidates who opposed internet decentralization policies, while 72% of HODLers in the survey said they owned digital assets “because they want an economic system that is more democratized and fair. , and works for more people.”

“This poll makes it clear that in these swing states, Web3 voters now represent a significant segment of the middle-class electorate, and are younger and more diverse than the population as a whole.”

Source: Haun Ventures

Related: US lawmaker hints at urging Republican votes in 2022 midterm over crypto policy

The survey was aimed at people who plan to vote in the 2022 midterm elections in the United States, which will be held in November with candidates taking office in January. Morning Consult conducted the survey from 15–20 September. Katie Haun, a Coinbase board member and former OpenSea board member, raised $1.5 billion to form Haun Ventures in March for investment in Web3.

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