Cryptocurrency could sway razor-thin voter margins in crucial swing states during the 2024 US presidential election, according to Penn State law professor Tonya Evans. She suggests that support for digital assets transcends party lines and may impact electoral outcomes.
Crypto Could Tip Battleground States in 2024
The crypto business and the wider community have rallied around candidates who are seen as being pro-crypto as the 2024 election season begins in the US. In an interview with Cointelegraph, Penn State law professor Dr. Tonya M. Evans discussed how cryptocurrencies would play a role in the next elections.
Dr. Evans claims that several issues, including cryptocurrency, have the ability to sway voters in the next presidential contest, which will be decided by hair-thin margins.
Crypto Won't Be the Only Deciding Factor
Having said that, the professor of law did mention:
"If you’re a multi-issue voter who happens to also be pro-crypto, you’re far less likely to be swayed by either candidate on this point alone."
Candidates for the US presidency fighting for states that are considered battlegrounds strategically aim to exploit these razor-thin margins. As Dr. Evans elaborated:
"The race really isn't about winning over the general population, but about navigating the Electoral College game. That means that if there are small voter shifts in crucial states, [like] Pennsylvania, Georgia, Arizona, etc, that could move the needle."
Pro-Crypto PACs Invest Millions in Elections
The professor is confident that support for digital assets and cryptocurrencies transcends political lines, and the $14 million spent by pro-crypto PACs backing candidates for Congress from both parties supports this position.
Crypto is "top-of-mind, though not top-line," according to Dr. Evans, who explained that it is a concern for many voters. She made a point of how voters care about the subject but how it pales in comparison to other electoral topics, such as macroeconomic policy and reproductive health.
Economy and Jobs Outweigh Crypto in Polls
While 6% of people would like to hear the 2024 US presidential candidates talk about cryptocurrency in a discussion, 45% would rather hear them talk about the economy and job creation, and 24% would prefer them to talk about immigration, according to a new Benzinga poll.
Another poll by the cryptocurrency exchange Gemini found that "some" people in the US said that a candidate's crypto policies would make them less likely to vote for them.