Source: Blockchain Knights
A new survey sponsored by Paradigm shows that Republican presidential candidate and former US President Trump has won increasing support within the party after recently expressing support for Crypto assets.
Last month, Paradigm, a venture capital firm focusing on Crypto assets, surveyed 1,025 possible Republican voters to understand their views on this emerging industry, and the results showed that they have deep trust in the current financial system and support Trump.
The survey shows that about 13% of Republicans who once claimed that they did not intend to vote for Trump are now more likely to vote for Trump because of his support for Crypto assets. Another group of respondents also expressed an increased enthusiasm for voting for the former president.
Trump has taken a more favorable stance toward Crypto assets and pledged to support the industry.
During the campaign, Trump vowed to make the United States a BTC mining "powerhouse" and said Crypto assets may be the "last line of defense" against central bank digital currencies (CBDCs). At the same time, most respondents believe that Crypto assets are an important force in the U.S. economy.
Therefore, 40% of respondents suggested that the U.S. government should pave the way 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 Crypto asset regulation should be overseen by elected representatives rather than unelected representatives appointed by government agencies such as the U.S. Securities and Exchange Commission (SEC).
The poll also highlighted the use of Crypto assets by Republicans. Since March 2024, the percentage of Republicans who own or have purchased Crypto assets has risen from the national average of 19% to 28%.
Of these people, 87% plan to buy more Crypto assets in the next year, while the remaining 13% intend to buy Crypto assets for the first time in the next 12 months.
Many respondents believe that distrust of the financial system is one of the reasons for getting involved in Crypto assets.
“Seventy-two percent of Republican voters are at least somewhat concerned that they might lose access to financial services because of their political or religious views,” the report states.
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