Polls suggest Elizabeth Warren’s anti-crypto military strategy may not pay off

Massachusetts Senator Elizabeth Warren is making her “anti-crypto” agenda one of the main issues of her re-election campaign, despite a majority of Americans feeling crypto is a major innovation for the future.

In a March 30 tweet, Warren suggested she was fighting to “keep the government on the side of working families,” and prominently cited a Politico headline saying, “Elizabeth Warren is leading an anti-crypto army.” is building.”

The “pro-crypto army” took to Twitter to taunt the senator. Popular YouTuber Coin Bureau made fun of strategy, saying, “What if you think creating an ‘anti-crypto army’ is going to get you votes?” While crypto advocate Lord TJ suggested This position will “drive innovation offshore”.

While the senator no doubt has access to his own personal polls on the issues, recent industry-commissioned polls suggest the position won’t win over most of the population.

In a survey of 24 commissioned by cryptocurrency exchange Coinbase in February, 76% of a representative sample believed that “cryptocurrency and blockchain are the future.”

Similar sentiments were shared in a November 2022 poll commissioned by digital asset management firm Grayscale Investments, which interestingly suggested that 59% of Democrats see crypto as the future of finance. That’s more than the 51% of Republicans who said the same.

Democrats Vs. Republicans on crypto as the future of finance. Source: Grayscale

Although, in Warren’s favor, 2022 crises, such as the collapse of BlockFi, FTX, and Terra Luna, have taken a toll on crypto sentiment among the public, with a recent study by Morning Consult showing that confidence in crypto during the year.

The phrase “Elizabeth Warren is building an anti-crypto army” first appeared in Feb. 14 Politico article, claiming that it “began to recruit conservative Senate Republicans to its anti-crypto cause and received some early positive vibes from banking lobbyists.”

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However, the senator liked the phrase so much that he used it prominently in his re-election campaign.

Warren has long been an outspoken critic of crypto, even suggesting that it would ruin the economy in a Wall Street Journal op-ed shortly after the collapse of crypto exchange FTX.

On February 14, Warren vowed to re-introduce an anti-money laundering (AML) bill she previously pushed, which would extend to decentralized finance (DeFi) and decentralized autonomous organizations (DAOs). , while also banning non-hosted wallets, miners and validators from being implemented. AML Policies.

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