Coinbase (NASDAQ:COIN) recently worked with Impact Research to better understand registered voters who own crypto in New Hampshire, home of “the key first-in-the-nation Presidential Primary.”
This new research shows Granite Staters agree it’s time “to update the financial system. 88% of crypto owners in New Hampshire agree that the financial system needs to change, and 4 in 5 say that the global economic system currently in place unfairly favors powerful interests and harms their own ability to build wealth.”
This new data aligns with national polling results showing “that the vast majority of Americans believe the financial system is due for a major update.”
New Hampshire voters want this new industry to thrive. The state’s robust blockchain startup culture has been “supported by local elected officials, including through the governor’s creation of a Commission on Cryptocurrencies and Digital Assets which recommended policies to ensure the state is a leading jurisdiction for blockchain technologies.”
Overwhelming majorities (75%) of New Hampshire crypto owners “believe crypto and blockchain technology is an important tool of the future of finance, and (67%) say innovations using the technology can increase economic opportunities for American consumers in ways that traditional finance cannot.”
New Hampshire crypto owners “are standing with crypto and are prepared to make their voices heard at the ballot box.”
About 3 in 5 crypto owners (59%) in New Hampshire “report paying attention to the policy and regulatory developments impacting the industry, and a majority agree that regulations for crypto either do not currently exist or are unclear.”
When it comes to supporting political candidates and policies, crypto owners favor forward-looking policymakers who will “take action to address the economic and financial challenges Granite Staters face by enabling innovation that can improve their lives.”
According to the new data, 71% of New Hampshire crypto owners “want to see policymakers supporting new, innovative, and disruptive technologies that are changing the world today. Almost half already want to know their candidate’s stance on crypto issues before voting.”
Two thirds are more likely “to support candidates who think that supporting the U.S. cryptocurrency industry is crucial to keeping jobs of the future in America.”
Crypto ownership among New Hampshire voters cuts “across key demographics, such as partisanship and age. Approximately 37% of Granite State crypto owners identify as Democrats, and 37% as Republicans.”
Crypto owners represent the next generation of New Hampshire voters, “with almost half (47%) ages 18-34. Looking at the broader political landscape, previous polling from Morning Consult showed that, in 2020, 61% of national crypto owners voted for President Biden.”
Candidates who want to win in New Hampshire – in this cycle and beyond – “need to be taking crypto voters seriously.”
At Coinbase, they’re working hard to “help update the financial system by building trusted products that expand the utility and adoption of crypto. We are focused on creating a financial system that reflects the principles we embrace at Coinbase: economic freedom, individual empowerment, financial opportunity, innovation, rule of law, and safety and security.”
Coinbase was founded in the U.S. and became “a public company in the U.S., because they believe their values align with those of the American people, and Americans want crypto.”
This data is based on “a survey of registered voters, including 300 New Hampshire registered voter cryptocurrency owners and 128 US registered voter cryptocurrency owners, aged 18+, fielded in May/June 2023 by Impact Research on behalf of Coinbase.”