New Clovr Crypto Poll Shows Majority of Voters Think Bitcoin Political Donations Should Be Legally Acceptable
Polls Ahead Of The Upcoming Midterms Suggests That About 60% Of Americans Open To Crypto Political Donations
A recent survey done by blockchain-centric research firm Clovr revealed that 60% of Americans believe that donations in cryptos for election campaigns should be legal. The survey conducted on 1,023 eligible voters in the country also found that only 21% of the people disagreed with the premise.
To break down the research between the sides of the aisle, 63% of people identifying as Republicans said that they think crypto is secure enough to be used for political purposes. On the other hand, 52% of Democrats suggested the same. Independent voters were the most skeptical about cryptos with only 45% being at ease with crypto donations.
Moreover, 73% of the polled citizens who claimed to be knowledgeable about virtual assets claimed that these donations won’t be a security threat. However, only 25% of the people said that they would increase their political contributions if cryptos were a payment option. This can be broken down to 27% Republicans, 25% Democrats and 22% Independents. Again Republicans seem to be more supportive of cryptocurrencies, but only marginally.
There are many reasons why the general American population seems to be against crypto donations. For one, foreign contributions to political campaigns are illegal and people fear that there is no way to stop this. Additionally, 62% of the people polled think that crypto donations will increase illicit transactions.
Mike Cribari, the co-founder of Clovr commented on the study released by his firm. He said:
“The overall findings are contradictory but intuitive: overwhelming support for crypto as a currency and a technology, countered by an equally unanimous distrust of what people, particularly those in politics, might do with it.”
He rightfully pointed out that even if a small majority of people who are educated about crypto made donations with it, transactions will increase manifolds. He added:
“State governments haven’t yet jumped on the cryptocurrency bandwagon, but if the FEC [Federal Election Commission] and other federal agencies expand its use, then history indicates many will follow.”
BitcoinExchangeGuide had earlier asked the question, “Are Bitcoin Donations Really Worth It?” You can read more about it here.