A survey released on June 8 by the Pew Research Center shows that 22% of Republicans said they have invested in, traded, or used cryptocurrency—higher than Democrats’ 17%. This is the first time Republicans have clearly pulled ahead of Democrats in cryptocurrency ownership, while the two parties’ figures were roughly similar before 2026. The survey was conducted at the end of January 2026 among 8,512 U.S. adults.
Pew Research Center Data: Republican Crypto Ownership Rises From 16% in 2021 to 22%
The survey sample reported by Pew Research Center on June 8 consisted of 8,512 U.S. adults as of the end of January 2026. For cryptocurrency usage, 22% of Republicans and Republican-leaning independents said they had used it, versus 17% of Democrats and Democratic-leaning independents. Since 2021, Republican cryptocurrency participation has risen from 16% to 22%, an increase of 6 percentage points; meanwhile, the Democratic share has been broadly flat or changed only slightly over the same period.
Another set of data from Morning Consult shows that in Q2 2025, the share of Republicans buying and selling crypto was 27.9%, versus 17.3% for Democrats—a gap of 11 percentage points, the largest difference on record.
From Opposing Crypto in 2019 to an NFT Launch in 2022: Timeline of Trump’s Position Shift on Cryptocurrency
According to reports, Trump’s confirmed position changes on cryptocurrency are as follows:
2019: In a post on social media, Trump said he was “not in favor” of digital currency, calling it unregulated and potentially fueling illegal activity
2022: Launched his first NFT collection (digital trading cards sold for $99), officially moving into the digital asset space
Since then: Rolled out more NFTs, a World Liberty Financial cryptocurrency project, and meme coins including TRUMP and MELANIA
The Trump administration has also worked to push the U.S. to become a “world crypto capital,” including measures to allow more cryptocurrency companies to convert into banks.
Fairshake Invests $12.1 million in Alabama; Funding Available of About $150 million in Early May
According to advertising influence data tracking, a political action committee associated with Fairshake spent $9.8 million on ad spending in Alabama; combined with other spending such as direct mail, total spending reached $12.1 million to support pro-crypto Republican House member Barry Moore.
Fairshake was the top spender in this race by a wide margin. Fairshake and its allies had about $150 million in available funds in early May 2026. By comparison, Fairshake spent about $9 million in Illinois—Democrats’ stronghold—but Democratic Senate candidate Juliana Stratton won the March 2026 primary.
Frequently Asked Questions
When was the Pew Research Center survey conducted, and who was it conducted with?
According to Pew Research Center’s report dated June 8, the survey was conducted at the end of January 2026, with a sample of 8,512 U.S. adults. The survey asked whether respondents had “invested in, traded, or used cryptocurrency (including assets such as Bitcoin and ether).”
When did the gap in cryptocurrency ownership between Republicans and Democrats begin to appear?
According to reports, before 2026, the proportion of Democrats and Democratic-leaning independents holding cryptocurrency was roughly comparable to that of Republicans. Since 2021, the Republican participation rate has risen from 16% to 22%; Morning Consult data shows the largest gap appeared in Q2 2025, reaching 11 percentage points.
How effective was Fairshake’s spending in Alabama?
According to reports, Fairshake supported Republican House member Barry Moore in the Alabama primary runoff. However, the report noted that “the race is still considered highly competitive.” Moore was trying to defeat retired SEAL Jared Hudson in the Republican primary runoff, and the result had not yet been released at the time the report was published. Trump has publicly endorsed Barry.
