A new survey shows that a majority of likely voters want more crypto regulation. “Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future,” said the Crypto Council for Innovation.
Voters Want More Cryptocurrency Regulation
The Crypto Council for Innovation, a crypto advocacy group, announced the results of a national survey Wednesday showing that “crypto users are poised to have an impact in close midterm races across the country.” About 1,200 likely voters participated in the survey, which was conducted online from Oct. 8-10 by a bipartisan team led by Sean McElwee from Pioneer Polling and B.J. Martino from The Tarrance Group.
Cory Gardner, former U.S. senator and the Crypto Council’s chief strategist of political affairs, commented:
Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future.
“Importantly, they are echoing what the industry has been calling for: regulation that provides clear rules of the road to protect consumers and realize the technology’s full potential,” he added.
According to the results of the survey, 13% of respondents said that they hold cryptocurrency. In addition, 45% of the voters surveyed “want legislators to treat crypto as a serious and valid part of the economy.” The council further described:
A majority (52%) think that crypto needs more regulation than presently exists.
Respondents also believe that crypto is here to stay. “Crypto is not going away — it is already in the investment mix,” Gardner emphasized. “In comparison to other financial holdings, 16% of respondents said they hold stocks, 13% hold crypto, 12% hold mutual funds, and 5% hold bonds.”
The survey results also show that “Over 40% think crypto has untapped potential and 33% think it represents an important financial innovation.”
Gardner concluded: “Working together, it’s possible for the U.S. to build more pathways to spur meaningful economic growth, and secure a digital future where crypto’s full potential is realized through careful conversation and smart policy.”
Do you think crypto needs more regulation? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer