molly0xfff ,
@molly0xfff@hachyderm.io avatar

"Americans aren't confident in crypto. The crypto industry, however, says crypto is very important to Americans."

great to see such hard-hitting journalism from @politico

https://www.politico.com/news/2024/05/10/trump-crypto-biden-00157051

#crypto #cryptocurrency

It’s unclear, though, whether courting digital asset traders can win a significant number of votes. A Pew Research Center Survey released last year found that most Americans weren’t confident in crypto’s safety or reliability. The industry has suffered major blowups in the last few years, including the implosion of the FTX exchange in a huge fraud scandal and the U.S. government’s $4.4 billion settlement with the Binance exchange over allegations that it facilitated financial crimes. A poll released by crypto industry groups this week showed that more than 20 percent of voters in six key swing states identify crypto as a major issue. A separate nationwide survey of registered voters commissioned by the crypto firm Paradigm found that crypto ownership is higher among communities of color and young people — key constituencies that helped boost Biden in 2020 but are now proving to be challenging for him to win over.
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