Republican strategist Chris Lacivita, one of the architects of the presidential election that President Donald Trump won in 2024, pointed to the second-term commander’s cryptocurrency embrace as a lynchpin for his political comeback.
Speaking at the Coinbase State of Crypto Summit in New York City on Thursday, Lacivita said it will help target President Trump many supporters from the so-called Crypto voters, particularly those on the voter bloc, who are unlikely to cast a vote on GOP candidates.
“One thing we found was that (crypto voters) were a block of voters that crossed so many different socioeconomic areas and really got it,” Lacivita added that cryptography served as a GOP bridge to connect with African-American and Asian-American voters and youth.
Both blacks and Asian Americans report a higher percentage of cryptocurrency owners than their white peers. Pew Research Report Data published in 2024 shows that 28% of Asian Americans and roughly 20% of black adults reported that they owned cryptocurrency compared to just 14% of white adults.
However, both demographic groups are less likely to match the GOP than white voters.
While 83% of black voters identify with Democrats, according to another 2024, about 60% of Asian Americans are on the left. Report From the nonprofit organization Pew Research.
These “have given us the opportunity to establish a common foundation in demographics that we have to expand to succeed, as Republicans have not been successful in the past few years.”
“We saw it as a great opportunity to attract people who don’t necessarily think they’re engaged,” he said.
In front of President Trump About cryptocurrency Politicians, such as Bitcoin, known as “fraud” in 2021, have cast digital assets primarily as tools for money laundering and other illegal financial activities.
But President Trump’s embrace of the crypto community, boosted by his aggressive lobbying at digital asset company Capitol Hill, was a turning point in the future of industry, and perhaps American politics.
Signs of support for the crypto community emerged among lawmakers shortly after the Republican presidential candidate first publicly aligned with the crypto community in the late spring of 2024.
In July, the GOP advocated for Bitcoin Miners’ protection and explicitly pledged to ban central bank digital currencies on its 2024 platform. This is the first support of crypto-related issues on the official platforms of major political parties.
Certainly, the invisible hand of the crypto industry’s lobbying efforts also inspired perceptions and support for digital asset companies and holders. Political Action Committee (aka Super PAC), Fairshake, supported by Coinbase and Ripple Labs. Accumulated war chests worth over $200 million Last year, he became the biggest donor of the 2024 election cycle to distribute it to lawmakers.
As a result, Unprecedented number of Republican and Democratic Congressional candidates He publicly declared his support for the crypto industry in preparation for the 2024 US election.
The growing recognition of digital assets as an issue that will increase importance in US elections comes as cryptocurrency retail adoption increases in the US
28% of Americans hold at least some cryptocurrencies, up from 15% in 2021. Recent data analysis By a digital privacy company security.org. And Robinhood, a trading platform that primarily serves US retailers, recently reported that Crypto trading accounts for more than 40% of total trading revenue.
It is also proven that American adults are less and less likely to praise the party’s loyalty. According to Gallup Poll, nearly half of US voters identified as independents, up from 39% in 2016. data.
Edited by James Rubin