TL;DR: Alabama voters want to update our financial system and believe crypto is part of the solution. New data highlights bipartisan support for crypto in Alabama, showcasing a rising generation of diverse, young voters who stand with crypto. This growing constituency is making it known that they care what their politicians think about crypto and are seeking leaders who are ready to leverage its potential for financial innovation and economic advancement.
Nearly 700,000 Alabama adults (18%) own digital assets, according to previous Morning Consult data.
New polling shows that crypto voters in Alabama represent a bipartisan, diverse, and younger group than the population as a whole.
38% are Democrats, 38% are Republicans, and 20% are independent.
More than 1 in 3 fall between ages 18-34.
82% of crypto owners and those who intend to own crypto agree that the global financial system needs an update.
Alabama Crypto Voter Demographics
Nearly 700,000 Alabama adults (18%) own digital assets, according to previous Morning Consult data. New polling data from Toluna sheds new light on the diversity of Alabama's crypto constituency, highlighting that across key demographics like age, partisanship, and income, support for crypto and the need to update our outdated financial system emerge as a unifying force.
Support for digital assets transcends typical partisan divides in Alabama. Nearly equal proportions of respondents who own or intend to own crypto in the next 24 months identify as Democrats (38%) and Republicans (38%). Another 20% identify as independents.
Crypto’s appeal also extends across income brackets, with the majority of crypto consumers in Alabama earning below $75,000. This broad-based support underscores the growing acceptance and relevance of crypto within Alabama, particularly among younger voters. 34% of Alabama crypto consumers fall between the ages of 18 and 34, signifying a generational shift in financial priorities.
As the influence of young voters continues to grow nationally and calls to update the financial system escalate, the bipartisan nature of crypto voters is a key indicator of the transformative potential of this growing voting bloc. Crypto’s appeal extends across party and economic status because voters understand that crypto can make finance faster and more accessible for everyone, especially those in the working and middle-class who have been fighting for financial empowerment for generations.
Alabama Voters are Embracing Crypto’s Potential to Update Finance
Alabama crypto owners and those who intend to own crypto are united in their belief that the global financial system does not work well for everyone and needs to change. Approximately 82% agree that the system needs an update, and nearly 7 in 10 believe that the current system unfairly favors powerful interests.
Recognizing the potential of crypto to drive economic growth and job creation, the majority of Alabama crypto owners and prospective customers say they are more likely to support candidates who will advocate for a robust domestic crypto industry. They believe crypto and blockchain represent the future of finance and increase access to financial tools not currently accessible through traditional finance. Driven by strong beliefs in crypto’s potential, the majority of crypto consumers in Alabama report an increased likelihood of engaging in the political process to back candidates who see crypto and blockchain as major players in a future financial system. More than half say they are more likely to support politicians who believe crypto can increase economic opportunity and ensure that future generations aren't left behind by the traditional financial system.
The growing pro-crypto constituency in Alabama reflects a broader societal shift that is fed up with the current financial system. More voters are embracing disruptive technologies that enable a more inclusive and equitable financial future. As a bipartisan, diverse and active crypto community continues to gain traction, both in Alabama and across the nation, it's important that candidates show where they stand on the future of finance and understand how crypto and blockchain innovations can make finance more accessible to everyone.
It’s Time to Update the System
It’s time for Alabama policymakers to listen to their constituents’ calls to democratize an outdated financial system that isn’t serving them by embracing crypto and blockchain innovation. While much of the developed world advances crypto and blockchain innovation through fair, effective regulatory frameworks, a few key American policymakers are driving a regulation-by-enforcement approach that hinders American innovators and fails to protect consumers.
Effective policies that create a strong regulatory framework for crypto oversight will serve to protect Alabama consumers. Clear rules of the road will empower local entrepreneurs and innovators to pave the path forward for the next generation of financial technology in America, and open up access to new financial tools and resources that increase economic opportunity for everyone. Alabamans are prepared to stand with crypto by supporting policymakers who are willing to ensure that the United States sets the standard for the next generation of the internet, so it can continue leading the world’s financial future.
At Coinbase, we’re working hard to help update the financial system by building trusted products that expand the utility and adoption of crypto. We are focused on creating a financial system that reflects the principles we embrace at Coinbase: economic freedom, individual empowerment, financial opportunity, innovation, rule of law, and safety and security. Coinbase was founded in the U.S. and became a public company in the U.S., because we believe our values align with those of the American people, and Americans want crypto. Importantly, we will continue to build in international markets, because many of them are moving forward with strategies to become “crypto hubs.” But America can’t fall asleep at the wheel. Congress and other policymakers should take note that crypto voters are engaged in their states and they want rules, not an unpredictable regulation-by-enforcement approach.