#Republicans are more likely to own cryptocurrency.#

A two-year study conducted by the University of Pennsylvania has revealed that Republicans hold cryptocurrencies at a significantly higher rate than Democrats, with 41% and 32% respectively. The study surveyed over 22,000 Americans and found that Republicans have a higher level of trust in cryptocurrencies, particularly in southeastern states like Texas. 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 the traditional banking system. The study also found that the proportion of Republicans holding cryptocurrencies has risen significantly since Trump's re-election in 2024, and Republicans are planning to introduce a comprehensive crypto market regulatory bill within the next 100 days to clarify the regulatory framework for the US digital asset industry.