Former US president Donald Trump has taken a narrow lead over vice president Kamala Harris in the upcoming presidential race, with Polymarket data showing Trump at 50% and Harris at 49%.

The cryptocurrency community is emerging as a potentially decisive voting bloc, as new polls indicate crypto policies could be a key factor in the 2024 US election.

Crypto Voters Poised to Sway the Election

A recent survey by HarrisX for blockchain company ConsenSys found that crypto holders are highly engaged, with 92% planning to vote on November 5th. Nearly half of all US voters consider a candidate’s crypto stance important, and 40% would switch parties to support a pro-crypto candidate.

This new category of crypto-focused voters could prove crucial in swing states like Pennsylvania and Wisconsin. In Pennsylvania, 34% of voters said they’d consider switching parties over crypto policy. In Wisconsin, 40% believe Republicans are better equipped to regulate cryptocurrencies.

Donald Trump Gains Favorability with Pro-Crypto Stance

Trump’s crypto-friendly position appears to be resonating with voters. The survey found 56% support Trump due to his positive crypto views, with one-third citing it as a reason they’d vote for him. This boost comes as Trump has pulled slightly ahead of Harris in recent polls.

Meanwhile, Harris faces pressure to clarify her crypto stance. Most voters (54%) want her to take a clear position, and 55% oppose strict SEC crypto regulations.

Crypto as a Bipartisan Issue in the 2024 Election

The poll shows neither party has fully captured the crypto vote yet. While 35% trust Republicans more on crypto policy and 32% prefer Democrats, 26% remain undecided. This suggests crypto remains a bipartisan issue that could sway undecided voters.

Additionally, 40% of US voters feel the government isn’t doing enough to foster crypto market growth. Many are calling for clearer rules, stronger consumer protections, and more transparency.

Court Ruling on Election Betting Markets

A recent court ruling allowing prediction markets to offer bets on the 2024 election has further highlighted crypto’s relevance. Kalshi, a prediction market platform, can now operate a $100 million betting market on the presidential race after winning CFTC approval.

Industry voices like Solana co-founder Anatoly Yakovenko have criticized state and federal agencies for their handling of crypto policies, arguing it has cost the US jobs and innovation.

As the election approaches, both Trump and Harris will likely need to further clarify their crypto positions to court this increasingly important voter demographic.