Crypto Voters May Decide Australia’s Next Government, YouGov Poll Shows

The Rise of Crypto as a Political Force

Conducted between February 3 and February 10, 2025, the poll surveyed 2,031 Australians and found that 59% of current crypto investors are more likely to vote for candidates who support favorable crypto policies. With 22% of respondents identifying as cryptocurrency investors, this means nearly 4 million Australians own digital assets—half of whom may prioritize crypto-friendly policies in their voting choices.

Swyftx CEO Jason Titman highlighted the significance of these findings:

“For the first time in our political history, we're about to enter a federal election with a crypto-voting bloc that is large and motivated enough to influence the result.”

However, not all crypto holders are politically engaged on this issue. The survey also found that one-third of crypto owners remain indifferent to a candidate’s stance on digital assets, while 5% said they would actively oppose pro-crypto policies.

Could Crypto Voters Tip a Hung Parliament?

With Australia's federal election set to take place by May 17, 2025, analysts predict a highly competitive race. The YouGov report suggests that if neither major party secures a clear majority, a hung parliament could occur. In such a scenario, a well-organized crypto voting bloc could play a pivotal role in determining which party or coalition forms the next government.

Regulatory Developments Fuel Crypto Awareness

The rise of crypto-focused voters coincides with a shifting regulatory landscape for digital assets in Australia.

In December 2024, the Australian Securities and Investments Commission (ASIC) announced stricter oversight for cryptocurrency exchanges, requiring them to obtain an Australian Financial Services Licence (AFSL). This regulation enforces stricter compliance measures around consumer protection, anti-money laundering (AML), and counter-terrorism financing laws.

Additionally, the Australian Transaction Reports and Analysis Centre (AUSTRAC) launched a crypto compliance task force to crack down on illicit crypto transactions. The agency has targeted non-compliant crypto ATM providers and strengthened monitoring to prevent digital assets from being used for financial crimes.

These regulatory moves have sparked mixed reactions from the crypto community. While some argue that stronger legal frameworks are necessary to protect investors and legitimize the industry, others fear excessive regulations may drive crypto businesses offshore, stifling innovation.

According to The Australian Financial Review, legal professionals specializing in blockchain and cryptocurrency have seen a surge in demand, highlighting the growing complexity of this sector.

Where Do Political Parties Stand on Crypto?

With crypto adoption growing, Australia’s major political parties are beginning to address digital assets in their campaign platforms.

Potential pro-crypto policies that could sway voters include:

• Support for blockchain innovation and Web3 startups
• Clear tax policies on crypto trading and investment
• Fair regulations balancing oversight with industry growth

As election day nears, crypto-friendly candidates may ramp up efforts to appeal to this emerging voter segment, recognizing its potential to shift electoral dynamics in key swing seats.

What' Next?

The emergence of a pro-crypto voting bloc could introduce a new dynamic to Australia’s federal election. With millions of Australians invested in digital assets, cryptocurrency policies may become a decisive factor in voter decisions.

As regulatory debates continue, the political landscape is evolving to reflect the increasing intersection between finance, technology, and governance. Whether crypto-friendly policies gain traction will depend on how effectively the industry mobilizes its voter base in the lead-up to the election.