#Republicans are more likely to own cryptocurrency.#

A recent study by the University of Pennsylvania has revealed that Republicans hold cryptocurrencies at a significantly higher rate than Democrats, with 41% and 32% respectively. The two-year study surveyed over 22,000 Americans and found that Republicans have a higher level of trust in cryptocurrencies, particularly in southeastern states like Texas. The study suggests that Republicans tend to favor decentralized cryptocurrencies because their decentralized nature aligns with their preference for limited government and individual control. In contrast, Democrats are more supportive of traditional banking systems. Since Trump's re-election in 2024, the percentage of Republicans holding cryptocurrencies has risen significantly. The Republican party also plans to introduce a comprehensive crypto market regulatory bill within the next 100 days to clarify the regulatory framework for the US digital asset industry.