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‘The crypto voting bloc is not voters’ — political scientists debate election impact

Recent polling among cryptocurrency holders has candidate Donald Trump firmly ahead of his opponent but researchers are undecided about whether it even matters. 

Political science experts are having a tough time factoring in the ‘crypto vote’ when it comes to the impending US presidential election. While the experts’ opinions run the gamut from claims crypto voters will be the deciding factor in the 2024 race to those who think they’re inconsequential, they all seem to agree on one thing: the number of voters who care about crypto is growing. 

A recent article published by the Northeastern University press took on the challenge of determining just how much impact the so-called “crypto bloc” may have on the 2024 US presidential election. 

According to the political science professors interviewed, polling data suggests a decided political bent between those who hold crypto and those who don’t, but it remains unclear just how many voters consider cryptocurrency a major political issue.  

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

US Democrats are ‘increasingly gravitating towards crypto’ — Poll

A poll of 804 self-identified Democrats suggested a majority favored some of the core values surrounding digital assets, as well as the US leading the world on innovation.

According to a poll sponsored by venture capital firm Paradigm, United States Democratic presidential nominee Kamala Harris has an opportunity to make “inroads with crypto owners” during her campaign.

In a poll conducted with Mercury Analytics among 804 self-identified Democratic registered voters after US President Joe Biden said he would not be running for reelection, data suggested that Vice President Harris could increase her chances of winning in November by appealing to crypto-focused voters. Of the Democrats surveyed, 27% said they were “somewhat likely” or “very likely” to purchase crypto in the next year.

According to the poll, roughly 13% of Democrats said they were undecided or intended to vote for Republican nominee Donald Trump or a third-party candidate like Robert F. Kennedy Jr. This data suggested that Harris could “win back some wayward Democrats” seemingly by distancing herself from the Biden administration’s crypto policies, such as those at the Securities and Exchange Commission.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

US senators urge CFTC to finalize ban on election betting

It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.

Five United States Senators and three House representatives have renewed calls for the commodities regulator to ban betting on the 2024 presidential election.

They claimed that such markets “could influence and interfere with elections and further erode public trust in democracy” in an Aug. 5 letter to the Commodity Futures Trading Commission Chair, Rostin Benham.

“We urge you to promptly finalize and implement this rule to prevent the commodification of U.S. elections.”

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

‘Cast a vote, but don’t join a cult’ — Edward Snowden at Bitcoin 2024

The former National Security Agency contractor did not name any particular US or international lawmakers but warned many didn’t belong to the “tribe” of Bitcoiners.

Edward Snowden, the former National Security Agency contractor who has been in exile in Russia since 2013, warned attendees at the Bitcoin 2024 conference about politicians trying to woo them over crypto.

In a July 26 speech held virtually at the crypto conference, Snowden said many lawmakers were trying to earn the “love” of Bitcoiners, hinting at those attending the Nashville event. He did not explicitly refer to US or international politicians, though US Senators Bill Hagerty, Cynthia Lummis, and Tim Scott addressed attendees in different panels shortly before Snowden spoke.

“Cast a vote, but don’t join a cult,” said Snowden. “They are not our tribe. They are not your personality. They have their own interests, their own values, their own things they’re chasing. Try to get what you need from them, but don’t give yourself to them, even if you have to vote for them.”

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

Crypto think tank launches voting project to support ‘right candidates’

The Digital Future project did not endorse specific candidates or political parties, but its CEO ran as a Republican in a 2022 congressional campaign associated with FTX.

Michelle Bond, the CEO behind a crypto-focused think tank in Washington, DC and the partner of former FTX Digital Markets co-CEO Ryan Salame, announced the launch of an initiative “to boost voter registration and crypto education” in the United States.

In a July 24 notice, crypto think tank Digital Future said it would initially target US voters in Arizona, Nevada, Wisconsin, Minnesota, Georgia, Michigan, Pennsylvania, and North Carolina as part of Project Swing. According to Digital Future, the voter project aims to “activate support for pro-crypto candidates” ahead of the 2024 election season, which is already in full swing nationwide.

Bond said in an X post that the project would help “ensure the right candidates are elected” related to policies on financial freedom. Cointelegraph reached out to Digital Future for comment but did not receive a response at the time of publication.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

What crypto policies can voters expect from potential VPs under Kamala Harris?

Despite endorsements from major party leaders, the top and bottom of the Democratic presidential ticket have yet to be fixed.

Though United States Vice President Kamala Harris has yet to officially win the Democratic nomination for president in 2024, many experts suggest she has an excellent chance to be the party’s candidate, facing off against Republican Donald Trump in November.

At the time of publication, it was unclear whether the Democratic National Convention (DNC) would hold an open primary — allowing any candidate to potentially win the delegates for the top of the ticket — or conduct a “virtual roll call” to decide on a nominee before a critical state deadline. The DNC is scheduled to begin on Aug. 19 in Chicago. However, Ohio’s election laws require parties to certify their presidential tickets by Aug. 7, suggesting that Democrats may take steps to ensure Harris is nominated outside of an open convention.

With the endorsement of US President Joe Biden, Senator Elizabeth Warren, Representative Nancy Pelosi, and many Democratic leaders, Harris may become the party’s candidate in 2024. Until the nomination is official, certain Democrats have a chance of being at the top of the ticket or potentially vice presidential candidates under Harris.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

Coinbase’s Stand With Crypto initiative to launch in Canada

The group hinted at advocating for crypto regulation in Canada and updating the country’s financial system, as residents had an “appetite” for change.

Cryptocurrency exchange Coinbase’s project advocating digital asset regulation will expand to Canada after launching initiatives in the United States and the United Kingdom.

In an announcement shared with Cointelegraph, a Coinbase spokesperson said the exchange would launch its Stand With Crypto Canada campaign on July 12 to educate Canadians about crypto and blockchain. The spokesperson hinted that Coinbase would use the initiative to “deepen [policymakers’] understanding of the opportunities presented by emerging technologies like blockchain.”

The US Stand With Crypto initiative lists the pro- and anti-crypto statements many prospective candidates for federal, state, and local offices have made. The project also launched a political action committee in May to support candidates in the 2024 election.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate

Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren.

Wyoming Senator Cynthia Lummis, one of the more outspoken cryptocurrency advocates in the United States Congress, has endorsed Republican Ian Cain for a Massachusetts Senate seat.

In a July 8 announcement, Cain’s campaign said Senator Lummis was backing the Republican candidate, citing his understanding of the “digital economy” and his embrace of innovation. The endorsement could give Cain an edge in a primary between his opponents, including engineer Robert Antonellis and crypto-focused lawyer John Deaton.

“From the border to blockchain, Ian Cain understands the issues facing his community and he will fight hard everyday for the Commonwealth,” said Senator Lummis.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor

US Voters Increasingly Focused on Crypto As 2024 Election Approaches: Grayscale

US Voters Increasingly Focused on Crypto As 2024 Election Approaches: Grayscale

New data from crypto asset management firm Grayscale reveals that US voters are increasingly focusing on crypto as the 2024 presidential election nears. In a new blog post, Grayscale says that this election cycle could be partially centered around Bitcoin (BTC) and crypto as voters become increasingly interested in digital asset investments. To reach its […]

The post US Voters Increasingly Focused on Crypto As 2024 Election Approaches: Grayscale appeared first on The Daily Hodl.

FTX creditors only getting ’10-25% of their crypto back’ — creditor

UK exit poll suggests Labour Party victory, next PM Keir Starmer

According to a BBC exit poll after a July 4 general election, Labour was set to oust the Conservatives for the first time in 14 years.

The exit polls for the general election in the United Kingdom suggested that the Conservatives would lose control of the government to the Labour Party for the first time in 14 years.

According to the results of a BBC exit poll released on July 4, Labour will take 410 seats in Parliament, cementing its status as the ruling party in the United Kingdom. The poll suggested that Labour leader Keir Starmer would become the next U.K. Prime Minister, ousting Rishi Sunak, who has served in the position since October 2022. Conservatives could keep roughly 131 seats.

The BBC poll was based on data from voters at roughly 130 polling stations in England, Scotland and Wales, but not Northern Ireland. The official election results were unclear at the time of publication but are expected to be announced on July 5.

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FTX creditors only getting ’10-25% of their crypto back’ — creditor