Republicans’ crypto usage rises to 22% in the US, Fairshake allocates $12.1 million to Alabama race

Republicans came to the fore in the distribution of crypto asset ownership in the USA according to political preferences. According to a Pew Research Center survey published on June 8, 22% of Republicans said they invested in, traded or used crypto assets such as Bitcoin and Ether. For Democrats, this rate remained at 17%. The research was conducted with 8,512 adult US citizens at the end of January.

The difference between the parties became clear

The data showed that this separation was not always so clear-cut. Before 2026, there was no significant difference in crypto ownership between Democrats and Democratic independents and Republicans and Republican independents. But since 2021, Republican turnout has increased from 16% to 22%.

According to Morning Consult data, the widest gap in favor of Republicans was seen in the second quarter of 2025. During this period, 27.9% of Republicans said they had bought or sold crypto in the past year. For Democrats, this rate was measured as 17.3%. Thus, the difference between the two groups reached 10.6 points.

The crypto usage gap between Republicans and Democrats has widened in recent years; Turnout has been seen to increase since 2021, especially among Republican voters.

Trump’s approach has changed

US President Donald Trump had a negative attitude towards digital assets in 2019, arguing that these assets were not sufficiently regulated and could facilitate illegal activities. Later, he entered the crypto space directly. Trump, who launched his first NFT collection in 2022, became visible in the digital asset industry.

In the following period, the Trump family expanded its NFT projects, announced the World Liberty Financial initiative, and took part in the industry with memecoin projects called $TRUMP and $MELANIA. Thus, Trump and his family became directly part of the field they had previously publicly criticized. According to the news, the Trump administration has taken steps that could allow more crypto companies to gain a bank-like structure, in line with its goal of making the USA the “crypto capital of the world.”

Demographic differences also continue

Research has also revealed that political preference is not the only determinant. According to Morning Consult, approximately 74% of crypto investors are men. The gap widens even further in the group under 45 years of age. Between 2022 and 2026, the crypto investment rate for men under the age of 45 remained between 38% and 42%, while this rate for women in the same age group remained between 13% and 16%.

Differences in distribution according to ethnic groups also attracted attention. Nearly 25% of Asian adults said they invested in, traded or used crypto. Similar rates were seen in black and Hispanic adults. Although white adults still lag behind Asians, they are on par with Black and Hispanic adults for the first time, with turnout rising from 13% in 2021 to 18% today.

Fairshake increases spending in Alabama race

The crypto industry is increasing its political influence not only through voter trends but also through campaign spending. An organization affiliated with Fairshake, one of the industry’s leading political action committees, spent $9.8 million on ads to support Republican House member Barry Moore in the race in Alabama. It was announced that the total expenditure, including direct mail and other items, increased to 12.1 million dollars.

Fairshake is known as one of the largest political formations that transfers resources to the candidates the crypto industry supports during election periods.

Fairshake-affiliated groups entered May with approximately $150 million in resources, and it was reported that a significant portion of this resource was planned to be saved for the general elections in the autumn.

Moore is running against retired Navy SEAL Jared Hudson in the Republican primary runoff. Donald Trump backed Moore. Despite this, the race is considered to be competitive. On the other hand, the strategy did not yield results everywhere. In Illinois, Fairshake-affiliated groups spent nearly $9 million on ads against Democratic Senate candidate Julianna Stratton, but Stratton won the March primary.