PANews reported on January 8 that according to a two-year study covering 22,000 Americans by the University of Pennsylvania, 41% of Republicans hold cryptocurrencies, higher than the 32% of Democrats. Republicans have a higher level of trust in cryptocurrencies, especially in southeastern states such as Texas, where the adoption rate leads the country. The study pointed out that Republicans tend to support decentralized cryptocurrencies because their decentralized properties are in line with their preference for limited government and personal control. In contrast, Democrats are more supportive of the traditional banking system.
The survey also found that millennials (25-44 years old) are the main investors in cryptocurrency, followed by Generation X and young baby boomers. Men hold twice as much cryptocurrency as women, but only 7% are willing to accept cryptocurrency as a form of salary payment. Since Trump's re-election in 2024, the proportion of Republicans holding cryptocurrency has increased significantly, and the Republican Party also plans to propose a comprehensive crypto market regulation bill within the next 100 days to clarify the regulatory framework of the US digital asset industry.
