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Thursday, December 08, 2022

Bitcoin is a topic ahead of the upcoming US elections.

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There is a week left for the midterm elections in the United States, an event where bitcoin (BTC) and the cryptocurrency ecosystem are of particular relevance. This is demonstrated by a recent survey released by Grayscale.

According to this blockchain analytics firm, more than half (57%) of US respondents They like a candidate who is interested in the cryptocurrency marketAnd be constantly informed about that ecosystem.

we’re talking about a little more than 1,140 people said they would vote for anyone connected to the ecosystem of bitcoin that tries to profile itself in the US political arena. Noting that the survey was conducted in a universe of 2,000 potential voters, 420 of whom claimed to own cryptocurrency.

According to blockchain analytics firm Chainalysis, the United States is currently the fifth largest country in the world to adopt crypto assets. It is one of the countries with the most development driven by the ecosystem, which has reached the legislative and regulatory level for discussion.

Inflation attracted to bitcoin

According to Grayscale, 25% of voters, or just over 500 respondents in these upcoming polls, say they feel more attracted and interested in bitcoin and the ecosystem due to the economic crisis. A situation related to high inflation in the United States this year has reached levels not seen in more than four decades.

In fact, 1,200 respondents say that economy of the united states is on the “wrong track”With only 29% positive expectations for the North American country’s economic climate.

On the partisan issue, Grayscale found that there is “widespread familiarity” with bitcoin and the rest of the market within the most representative political organizations in the United States.

Resultados Encuesta 2000 Votantes Grayscale
Original infographic from Grayscale’s survey of 2,000 US voters. Source: Grayscale.

According to Grayscale, “a majority (52%) of Republicans and Democrats agree that cryptocurrencies represent the future of finance.”

That’s why four out of five Americans want clear regulation for industry of cryptocurrency.

In numbers, it’s a 79% of voters who wish to have a clear framework for operations With these digital assets. Discrimination by party, 87% of Democrats and 76% of Republicans favor such regulatory transparency.

Congress, a Relevant Piece for the Regulation of Bitcoin in the US

Midterm elections in the United States are held every two years in early November, with 2022 scheduled for the following Tuesday the 8th.

They are general elections which are held immediately in the middle of the term of the President and in which loss 435 seats in the House of Representatives and 34 out of 100 in the US SenateIn addition to other high positions in that country.

These elections are of particular relevance to the cryptocurrency ecosystem, bearing in mind that discussions on proposals to regulate the bitcoin market in that country are still in progress within Congress, as reported by Cryptonoticious.

The election is just as important to the bitcoin ecosystem, so it may represent the authority of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) to regulate the market.

As reported by this media, There is a dispute over the regulation of the ecosystem in both the offices. And from the current Congress there appears to be a priority for the CFTC to be in charge of regulating emerging markets.

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