#Republicans are more likely to own cryptocurrency.#

A recent survey revealed that Republicans hold cryptocurrencies at a significantly higher rate than Democrats, with 41% of Republicans owning crypto compared to just 32% of Democrats. The study, conducted by the University of Pennsylvania over two years, surveyed over 22,000 Americans. The survey found that Republicans have a higher level of trust in cryptocurrencies, particularly in the Southeast, where adoption rates are leading the nation, especially in states like Texas. The study suggests 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. Since Trump's re-election in 2024, the percentage of Republicans holding crypto has risen significantly. The Republican party also plans to introduce a comprehensive crypto market regulatory bill within the next 100 days to clarify the regulatory framework for the U.S. digital asset industry.