U.S. midterm election campaign heats up in the Web 3 voter group portrait of the four swing states

At Haun Ventures, we believe that new things require new rules at the heart of our advocacy of Web3. For more than a decade, many in the crypto community have focused on enabling change through collaboration with government administrations. As we enter a new chapter in the field — where countless new use cases beyond finance are emerging — two other branches of government, legislation and justice, will play an important role in whether the United States remains a global leader in technology and innovation.

That’s why we’re closely following legislation passed by Congress that has the potential to create new rules designed for cutting-edge technologies and provide clear information to development teams. That’s why, as a team, we’re very focused on the upcoming U.S. midterm elections.

Specifically, we want to help political leaders on both parties understand the growing demographic of voters who are deeply concerned about the corrosive effects of the tech/financial giants – and Web3 is uniquely positioned to meet these challenges.

Congress will set new rules for the next generation of the Internet, and in November, several key races in swing states could determine the composition of Congress. Commissioned by Haun Ventures, digital polling firm Morning Consult conducted a poll of mid-term voters in four key swing states to understand what potential voters think about Web3 and how they might influence voting.

In particular, we wanted to understand how Web3’s values resonate with voters, because the values that voters pass on will influence policy direction.

The polls clearly show that more than 90 percent of voters say they support community-owned, community-managed internet and giving people more control over their information. Importantly, reflecting how voters’ Web3-related values will drive electoral behavior, voters are less likely to support candidates who are seen as hindering the decentralized internet. In other words, when both sides are thinking about how to turn good Web3 policy into good policy, Web3’s values are what voters want to see elected officials support, not hinder.

The poll also found that nearly one in five voters owns digital assets. Judging by that number, there are now far more people in each swing state with digital assets than union members.

In the swing states we surveyed, these “Web3 voters” are slightly skewed toward Democrats, but the issue remains largely a bipartisan one. Overall, Web3 voters believe that the decentralized, democratized Internet represents economic opportunity, and they see Web3 as a positive replacement for big tech platforms. At the same time, however, these Web3 voters have limited confidence in the government’s ability to establish appropriate regulatory approaches to Web3.

This poll clearly shows that in these swing states, Web3 voters now represent a significant group of middle-class voters and are younger and more diverse than the overall population.

As Web3 products and innovations become more pervasive, and the dangers of our current technology paradigm, including the erosion of privacy, data security, and trust, become more apparent, we expect more voters to recognize the stakes in setting Web3 rules.

Below, we dive into five main elements of the poll:

1. Nearly one in five voters owns digital assets

  • 18% of voters in these four swing states hold digital assets (including cryptocurrencies and NFTs). By state, 19 percent of voters surveyed in Ohio and Nevada said they owned digital assets, compared with 13 percent in New Hampshire and 16 percent in Pennsylvania, respectively.
  • Given the Web3 adoption curve, this may be as small as the Web3 voter sample.

     

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2. Voters of different political factions are more likely to oppose candidates who block the decentralized internet.

  • 55% of voters surveyed are unlikely to vote for candidates who oppose Web3 enabling policies (defined as a decentralized, open Internet where individuals have more control over their data).
  • What makes these findings particularly striking is that voters from all parties have similarly similar views of Web3, with independents expressing the strongest support for Web3.
  • 91% of voters have a positive view of the principles of Web3 described above.

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3. Voters see Web3 as both a response to an unfair economic system and a positive alternative to the monopoly of tech giants.

  • In these swing states, 60 percent of voters believe the current economic system is unfair and disappointing to the average American.
  • 75% of voters agree that big tech companies have too much power over people’s lives and favor greater individual autonomy and digital decentralization.
  • 72% of voters with digital assets say they do so because they want an economy that is more democratic, fairer and works for more people.
  • In three of the four states surveyed (Nevada, Ohio and Pennsylvania), more than 40 percent of respondents who held digital assets said they used digital assets to facilitate international remittances (managing global cross-border payment transactions).

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4. Neither party has a majority support for Web3 voters for its approach to technology, but voters are slightly inclined to support Democratic Senate candidates.

While Web3 voters in swing states tend to support Democratic candidates, outside the poll’s margin of error, it’s still a competitive race.

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5. Web3 voters are the middle class and represent a younger, more diverse voting population.

  • 80% of Web3 voters earn less than $100,000.
  • 31% of Web3 voters are people of color, compared to 15% of all voters.
  • 65% of voters are between the ages of 18-44, compared with 30% of all voters.

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Survey methodology

The Morning Consult poll surveyed 800 likely November 2022 voters in New Hampshire, Nevada, Ohio and Pennsylvania on September 15-20, both in the competitive Senate and House races, which used to be classified as swing states. In the survey results, the combined margin of error for all swing states was plus or minus 3.5 percentage points, and the margin of error between states was plus or minus 6.9 percentage points.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/u-s-midterm-election-campaign-heats-up-in-the-web-3-voter-group-portrait-of-the-four-swing-states/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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