The results from a recent survey suggest that a significant percentage of Americans do not support Donald Trump’s idea for a strategic Bitcoin reserve. The poll, conducted by left-leaning pollster Data For Progress, involved 1,169 likely US voters.
The supposed crypto strategic reserve uses government spending to purchase and hold cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The POTUS also hinted at the possibility of having XRP, Solana (SOL), and Cardano (ADA) as part of the digital assets in the national treasury.
According to the poll, 51% of respondents opposed the proposed reserve, while another 34% supported it. Also,15% of the survey respondents were neither here nor there.
Some self-acclaimed Republicans supported the proposal, 41-40, while Democrats opposed it 59-29. This result clearly indicates the stark ideological divide between both parties.
Apart from their opinion on the crypto strategic reserve, the US voters were also asked whether the government should consider increasing, decreasing, or maintaining funding levels for nine potential priorities for the federal government. To this question, 45% of respondents said it was best for the government to decrease the federal funding for digital asset and blockchain development.
If this is the case, the funding for crypto and blockchain will rank lowest, even below the funds allocated for Artificial Intelligence (AI) research and space exploration.
12% asked for an increase, 31% said it should be maintained at the same level, while 12% were indecisive. Noteworthy, Republicans made up 36% of those who advised the federal government to decrease its funding for the burgeoning sector.
Amidst these polls, the new Head of the U.S. Historic Senate Subcommittee on crypto, Senator Cynthia Lummis, has reintroduced a bill aimed at creating the national Bitcoin reserve. The first time she introduced this bill was July 2024, and since then, she has made a few changes to the proposal.
After much rebranding and adjustment, the new bill is now called the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act,” or the Bitcoin Act.
The post Americans Against Strategic Bitcoin Reserve, Poll Show appeared first on BitcoinLinux.com.
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