Majority of US crypto owners will consider presidential candidates' crypto positions in November: Gemini survey.

Three in four people who own crypto say their vote in the upcoming U.S. presidential election will be influenced by the candidates' crypto stances, according to a study released by crypto exchange Gemini.

One in five Americans own crypto, according to a preview of Gemini's 2024 State of Crypto survey. The full survey will be released in September. Of those Americans who own crypto, 73% "plan to consider a candidate’s stance on crypto when they vote for the next president of the United States," according to the survey. 

"Gemini released today a sneak preview of the 2024 State of Crypto survey, finding that, for the first time in United States history, crypto has become a significant campaign issue in a presidential election," the exchange said in a statement. 

The survey was conducted by the Data Driven Consulting Group on behalf of Gemini. The group surveyed 1,200 Americans between May 23, 2023, and June 28, 2024, with 233 cryptocurrency owners a part of the 1,200 surveyed. 

Gemini also found that 38% of Americans who do not own crypto say concerns surrounding how laws apply to the industry have discouraged them from getting involved. Almost half of those surveyed who don't own crypto say there needs to be more regulation of crypto, according to the survey. 

Crypto has swiftly become part of the election season landscape. The Republican Party expressed support for crypto firms and investors in its platform for the 2024 elections, including vowing to end an “unlawful and un-American crackdown” on the U.S. crypto industry. Meanwhile, Vice President Kamala Harris' team started outreach to the crypto industry a week after President Joe Biden announced he would not be seeking reelection and endorsed Harris to replace him as the Democratic Party's nominee.  

Notably, Gemini co-founders Tyler and Cameron Winklevoss have donated $2 million worth of bitcoin to Trump. On X, Cameron Winklevoss said he planned to vote for Trump, calling the former president "pro-bitcoin, pro-crypto, pro-business." Political action committees have raised millions so far ahead of the upcoming election. Pro-crypto group Fairshake recently became the largest super PAC of this U.S. election cycle, having raised over $200 million.