Polls suggest Elizabeth Warren's anti-crypto army strategy may not pay off

2 years ago

Elizabeth Warren has agelong been a crypto-critic, and appears to beryllium making it a absorption arsenic her re-election bid kicks off.

Polls suggest   Elizabeth Warren's anti-crypto service  strategy   whitethorn  not wage  off

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The United States Senator for Massachusetts Elizabeth Warren is making her “anti-crypto” docket 1 of the centerpieces of her re-election campaign, contempt polls suggesting the bulk of Americans deliberation crypto is simply a cardinal innovation for the future.

In a March 30 Tweet, Warren suggested she was warring to enactment “government connected the broadside of moving families,” and prominently quoted a Politico header that said: “Elizabeth Warren is gathering an Anti-crypto Army.”

The ‘Pro-crypto Army’ took to Twitter to lambast the Senator. Popular YouTuber Coin Bureau ridiculed the strategy, saying, “Imagine reasoning that gathering an 'anti-crypto army' is going to triumph you votes?” portion crypto advocator Lord TJ suggested that the stance volition “push innovation offshore.”

While the Senator undoubtedly has entree to her ain backstage polling connected the issues, caller polls commissioned by the manufacture suggest the stance volition not beryllium a ballot victor among the bulk of the population.

In a Feb. 24 survey commissioned by crypto speech Coinbase, a whopping 76% of the typical illustration believed that “cryptocurrency and blockchain are the future.”

A survey commissioned by integer plus absorption steadfast Grayscale Investments successful November 2022 shared akin sentiments, with the responses interestingly suggesting that 59% of Democrats see crypto to beryllium the aboriginal of finance. That's much than the 51% of Republicans who said the aforesaid thing.

Democrats vs Republicans connected crypto arsenic the aboriginal of finance. Source: Grayscale

However successful Warren's favor, the crises of 2022 specified arsenic the collapses of BlockFi, FTX, and Terra Luna person weighed heavy connected crypto sentiment among the public, with a caller survey from Morning Consult uncovering that spot successful crypto had plummeted implicit the people of the year.

The operation “Elizabeth Warren is gathering an anti-crypto army” was archetypal featured successful a Feb. 14 Politico article, which claimed she was “starting to enlistee blimpish Senate Republicans to her anti-crypto origin and getting immoderate aboriginal affirmative vibes from slope lobbyists.”

Related: Elizabeth Warren is pushing the Senate to prohibition your crypto wallet

The Senator appears to person taken a liking to the phrase, however, considering she has prominently featured it successful her re-election campaign.

Warren has agelong been a vocal professional of crypto, and adjacent suggested that it will ruin the economy successful a Wall Street Journal op-ed soon aft the illness of crypto speech FTX.

On Feb. 14 Warren vowed to re-introduce an Anti-Money Laundering (AML) measure she had antecedently pushed, which would extend to decentralized finance (DeFi) and Decentralized autonomous organizations (DAOs), portion besides requiring unhosted wallets, miners, and validators to instrumentality AML policies.

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