#Republicans are more likely to own cryptocurrency.#

A two-year study of 22,000 Americans found that Republicans are significantly more likely to own cryptocurrency than Democrats, at 41% and 32%, respectively. The study found that Republicans have a higher level of trust in cryptocurrency, particularly in southeastern states like Texas, where adoption rates lead the nation. The study points out that Republicans tend to favor decentralized cryptocurrencies because their decentralized nature aligns with their preference for limited government and individual control. In contrast, Democrats are more supportive of traditional banking systems. Republican interest in cryptocurrency has risen significantly since Trump's 2024 re-election bid, and the party plans to introduce a comprehensive cryptocurrency market regulatory bill within the next 100 days to clarify the regulatory framework for the US digital asset industry.