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US poll: Only 10% support expanding the encryption industry expenditure, more than half oppose Trump's BTC reserve.
A new poll in the United States shows that American voters are highly conservative about the federal government's increase in cryptocurrency and Block chain development funds, and only about 10% of respondents are in favor of the Trump administration investing more in this area. In addition, more than half (51%) of respondents oppose the establishment of a BTC national strategic reserve in the United States. (Synopsis: Trump builds encryption strategic reserves" poll: 51% of US voters "oppose the government spending money to buy coins"! Why don't taxpayers buy it? (Background added: Buying BTC has money? According to a new poll released by the United States on the 14th, American voters have very little support for the federal government to increase funds for the development of cryptocurrency and Block chains, and only about 10% of respondents are in favor of the Trump administration investing more in this area. Among them, a whopping 45% of US voters believe that cryptocurrency-related spending should be reduced, and 29% believe that the status quo should be maintained. In contrast, voters prefer the government to prioritize resources for more inclusive traditional livelihood areas such as social insurance (65%), medical insurance (64%), and transportation infrastructure (63%), and in the field of science and technology, space exploration (24%) and artificial intelligence AI (20%) are more supportive than Cryptocurrency. This result reflects that Cryptocurrency is at the bottom of the poll's list of government spending priorities, and highlights that digital assets still face considerable challenges in mainstream U.S. acceptance and adoption, and that voters are conservative about Cryptocurrency's federal funding. The poll comes from Data for Progress, a center-left polling body in the United States, which polled 1,169 U.S. voters from March 8 to 10. Source: Data for Progress 51% of US voters oppose the establishment of a BTC national strategic reserve It is worth noting that the poll also directly asked voters for their views on the establishment of a cryptocurrency strategic reserve, and the results showed that 51% of respondents opposed the proposal, 34% supported it, and 15% were unsure. Democrats (59 percent) and independent voters (56 percent) were particularly opposed, while Republican voters were divided and polarized. This shows that the policy not only lacks a broad popular base, but also fails to achieve consensus even within the ruling party. The results of the poll come as US President Donald Trump signed an executive order on March 6 laying the groundwork for the establishment of strategic reserves in BTC and Cryptocurrency. However, the White House stressed that the strategic reserve is currently backed by BTC funds obtained in criminal or civil asset forfeiture proceedings, that is, it will no longer sell confiscated BTC, but stressed that the Treasury Department and the Commerce Department will explore new ways to increase BTC reserves, but only in a budget-neutral manner that does not incur additional costs to taxpayers, although he did not disclose specific implementation details. The clarification helped ease concerns that the Trump administration might use taxpayer funds to buy BTC and other encryption assets, but failed to meet market expectations for further policy details, and at one point the signing of the executive order resulted in a BTC price drops of $85,000. It is speculated that US President Trump recently announced the establishment of a US sovereign wealth fund, which may be used to build BTC strategic reserves, and the fund is expected to be funded from tariffs. Extended reading: Full text of the BTC Strategic Reserve Executive Order: The Ministry of Finance has a special office, and all federal agencies report BTC transfer authority within 30 days Related reports Dr. Po Ge Rujun: Taiwan has ReadyBTC reserves! Cryptocurrency special law "not good is better than not" The US reserves 1 million BTC Act "new version" focus: allow the use of gold and forex funds to buy BTC, prohibit the sale for 20 years... The U.S. Treasury Department promotes "BTC reserves" rumors have met with 3 custodian companies, and the Democratic Party presses to stop: It's all Trump's conspiracy [US poll: Only 10% support expanding encryption industry spending, more than half oppose Trump's construction of BTC reserves. This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".