President of the United States. Perianne Boring of the Chamber of Digital Commerce argues that cryptocurrencies will play a role in the next presidential election.
In an interview with CNBC anchor Andrew Ross Sorkin on November 4, 2022, before the midterm elections in the United States, Perianne Boring said that recent surveys indicate that one in five voters possess crypto, making them a major voting bloc.
Senate, House, and gubernatorial campaigns have reached a fever pitch in anticipation of the November 8, 2022 midterm elections. Recent state surveys indicate that Americans want Republicans to win at least the House, despite the Senate is evenly divided between Republicans and Democrats, with the exception of Vice-President Kamala Harris’ vote-swinging power in Favour of Democrats.
If the Senate flips, it may be difficult for President Joe Biden to implement his new crypto framework, which is in its infancy, and the Democrats’ authority will be significantly limited.
Historically, the governing party, which is now the Democrats, has not fared well during midterm elections, and president Biden’s current popularity rating of 42.3% indicates that the Republicans have a good chance of winning.
Crypto fans will closely monitor the midterm election results in states with pro-cryptocurrency politicians. Republicans, like Blake Masters, Theodore Budd, and Tom Emmer, have advocated crypto-friendly policies on the whole.
A new survey indicates that Masters is lagging behind Mark Kelly in the Arizona Senate race. Both candidates are running for the same seat.
Masters is a fan of cryptocurrencies and has consistently condemned the overreach of his Democratic opponents who want to impede the development of the bitcoin business. “I anticipate the left will exploit [the bitcoin bear market] to dominate these technologies,” he stated in a May 2022 interview with Fox Business. In addition, he supports regulation to combat fraud but likes blockchain’s decentralized character.
Masters possessed between $600,000 and $1.2 million worth of Bitcoin as of August 15, 2022. According to The Verge, he also possesses Bitcoin Cash, Ethereum, Filecoin, Bitcoin, and Tezos.
Theodore Budd, an additional pro-cryptocurrency Republican candidate who takes Bitcoin campaign contributions through BitPay, is competing with Cheri Beasley, a Democrat, to represent North Carolina in the Senate. According to FiveThirtyEight, Budd held a 3.8% lead against Beasley at the time of publication.