For the first time, Republicans now own and use cryptocurrency more than Democrats, according to new survey data. This shows how digital assets are becoming more connected to US politics.
A recent Pew Research Centre poll found that 22% of Republicans have invested in, traded, or used cryptocurrencies like Bitcoin and Ether, compared to 17% of Democrats.
This shift comes after years of rising Republican interest in crypto and as President Donald Trump and several Republican lawmakers continue to support the industry.
These findings show a big change from past years, when crypto ownership was about the same for both parties. Since 2021, Republican participation has grown from 16% to 22%, while Democratic adoption has stayed lower.
This political shift is especially notable because Trump was once sceptical of digital assets. In 2019, he publicly criticized cryptocurrencies, calling them unregulated and possibly tied to illegal activities. But his view changed a lot in the years that followed.
Trump got involved in crypto by launching several NFT collections and later moved into other digital asset projects. Now, Trump family projects include NFT collections, the World Liberty Financial initiative, and the $TRUMP and $MELANIA memecoins. His administration has also promised to make the US a global leader in cryptocurrency innovation.
More data from Morning Consult shows the political divide grew even wider in 2025. Nearly 28% of Republicans said they bought or sold crypto in the past year, compared to just over 17% of Democrats.
But politics isn’t the only thing affecting crypto adoption. Demographics are still important. Men make up about three-quarters of crypto investors, and younger adults are the most active. Among people under 45, men invest in crypto much more than women.
The survey also shows that crypto users are becoming more diverse. Asian adults report the highest participation, while Black and Hispanic adults remain strongly involved. White Americans have also increased their involvement, now matching the levels seen among Black and Hispanic users.
At the same time, the crypto industry’s political influence is growing. Fairshake, a major crypto-focused political action committee in the US, has spent a lot to support candidates who favour digital assets. The group recently put millions into Alabama’s Republican primary, backing Representative Barry Moore.
With about $150 million set aside for future campaigns, Fairshake and its partners are likely to stay major players in upcoming elections. Their growing role shows how cryptocurrency is becoming not just a tech issue, but a major political force.
As lawmakers discuss stablecoin rules, market structure laws, and crypto oversight, the industry’s ties to political movements may become as important as new technology in shaping its future in the US.
Republicans buy crypto more than Democrats, data shows — what’s driving the divide https://t.co/ulHlut5jkf
— CNBC (@CNBC) June 21, 2026
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