Pro
Web3

Pass or Fail: Grades for the Current 117th Congress

Key Insights

  • On the United States midterm Election Day, November 8, Web3 will be a key issue for many voters, particularly in important swing states.
  • The Crypto Action Network, a social welfare nonprofit dedicated to promoting crypto advocacy in Washington DC, signaled that many congressional representatives were overall supportive of Web3’s goal for a decentralized Internet.
  • 114 individuals were scored out of 535 representatives. Notably, 30 individuals received an A grade while only two members received an F grade; B was the most common score.
  • Neither Democrats nor Republicans showed any trend expressing favorable opinions, but Democrats had more members with negative attitudes.
  • Historically conservative regions such as the Southeast had more favorable attitudes toward Web3 than the liberal-leaning regions such as the Northeast or West Coast.

Blockchains may have libertarian origins, but today’s use of the tech as an open, permissionless Internet has appeal among a broader voter base. According to a Morning Cult survey, over 90% of constituents want to see an Internet where their data is more personally owned.

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Jerry joined Messari as a Research Analyst after working in management consulting. He graduated with a B.S. in finance and a minor in computer science from Indiana University's Kelley School of Business.

Outline
  • Key Insights
Author
Jerry joined Messari as a Research Analyst after working in management consulting. He graduated with a B.S. in finance and a minor in computer science from Indiana University's Kelley School of Business.