70% of US Voters "Crypto Law Should Have Already Passed"... The Power of the CLARITY Act Shaking Voter Sentiment

▲ Cryptocurrency ©

Seven out of 10 US voters strongly desire the introduction of clear virtual asset regulations, and there is a growing call for immediate legal frameworks, even if somewhat incomplete, rather than waiting for a perfect bill.

According to the cryptocurrency media outlet Bitcoinist on May 8 (local time), a national survey conducted by the polling organization HarrisX targeting 2,008 registered voters revealed that voters, across all political parties, want clear federal rules for digital finance and for the US to secure global leadership. The survey found that 70% of voters said the US should have already passed clear virtual asset-related legislation, and 62% emphasized the importance of the US setting global rules for digital finance.

Voters showed a tendency to prefer practical action over waiting for a perfect solution. 60% of respondents said it would be better to enact a clear federal bill even if it has some shortcomings. Furthermore, 57% of voters expressed the opinion that it is more desirable to pass a bill now and then supplement it over time, rather than waiting for a perfect bill. This aligns with the 56% of respondents who believe the US should take the lead in the virtual asset market through clear regulations, while acknowledging the potential risks involved.

Awareness of the US Cryptocurrency Market Structure Bill, the CLARITY Act, itself is still low. 64% of voters said they had never heard of the bill, and only 14% responded that they were well aware of its contents. However, regardless of the specific name of the bill, voter support for the necessity of regulation was high across all political parties. It recorded a net approval rating of 48% among Republican supporters, 43% among Democrats, and 32% among independent voters.

In particular, opposition among independent voters was extremely low, at around 10%, and 47% of respondents were undecided moderates, suggesting a high potential for persuasion as the bill progresses. This public opinion is expected to influence the future direction of the political landscape. The survey results showed that 44% of Republicans were more likely to support a senator who backs the US Cryptocurrency Market Structure Bill, the CLARITY Act, while 37% of Democrats and 31% of independent voters also showed a positive response.

In conclusion, this survey shows that virtual asset regulation has emerged as a key political issue that can move voters' sentiments, beyond being a mere technical issue. Voters strongly hope that the US will resolve uncertainties through priority legislation, even if the bill is incomplete, to avoid losing leadership in the digital financial market.

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