Survey- 60% of Americans Think Crypto Deserves Fiat-like Treatment in Political Campaigns

In a new survey released by popular blockchain-based research startup Clovr, it was discovered that a little above half (60%) of Americans are of the opinion that crypto deserves fiat-like treatment as regards political campaigns in the United States.

Clovr Private Survey

The survey had about 1,023 eligible voters in participation was primarily targeted at understanding the impact that digital currency will have on the political process. According to the study, only about 21 percent feels the cryptocurrency does not deserve the fiat treatment, while 60 percent of the participants opined that crypto deserves to be treated as the fiat currency in a political campaign.

 ‘‘60 percent of eligible voters believed that it should be legal to donate cryptocurrency in federal elections under the same rules that apply to donations in U.S. dollars.’’

63 percent of participants that identified with the Republicans agreed that cryptocurrency has enough qualities to meet the political requirements, while 52 percent of Democrats agree as well. Talking about donations, 45 percent of Independent participants agree with crypto donations.

Cryptocurrency in Political Domain

As regards to whether or not virtual currencies will be a secured avenue for a political donation, 73 percents of respondent were in support while 23 percent think otherwise expressing security concerns.
In the survey, 25 percent of respondent stated that if a crypto payment option was available, it would suit them. Over 20 percent acknowledged the fact they will be willing to make more donation if crypto donation was allowed, as 16 percent of Democrats and 12 percent of Independents agree with this.
In the aspect where consideration was made to whether or not crypto donations in a political campaign will increase foreign interference in the United States elections, 60 percent agree with this, with Democrats outnumbering others in this right.

Political Campaigns and Donations

As recorded by the survey, 62 percent of the participants were of the opinion that the crypto donations could be easily used illegally in the United States political stratosphere. All the groups expressed almost equal concerns in this regard. 64 percent of Independents, 62 percent of Republicans, and 61 percent of Democrats consented to this. Also, as to the fact that many political actors, as well as parties, might abuse the use cryptocurrency, 60 percent of respondent affirmed to that notion.
The Clovr private survey also revealed that ‘‘nearly 90% of respondents answered less than three of five factual questions correctly.’’ while the statistics show that average spending was $785,000, participants reportedly believed that the amounts of House of Representatives political campaign contributions are $5.8 million averagely.

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