Only 10% of Americans Support Increasing Federal Funding for Crypto, Majority Oppose Reserve: Poll

A new survey conducted by Data For Progress reveals that a majority of U.S. voters oppose the idea of establishing a strategic crypto reserve using government funds to acquire cryptocurrencies such as Bitcoin and Ethereum. The poll also indicates that cryptocurrency and blockchain development rank at the bottom of priorities for increased federal funding, with traditional sectors like Social Security and transportation infrastructure taking precedence.

 

 

Key Highlights

  • 51% of respondents oppose the Trump administration's proposed crypto reserve, with 34% in support and 15% unsure.
  • There is a significant ideological divide, with Republicans narrowly supporting the reserve, while Democrats strongly oppose it.
  • 45% of voters believe federal funding for cryptocurrency and blockchain development should be decreased, making it the lowest-ranked priority for funding among surveyed areas.
  • Young voters under 45 years old are more likely to support increasing federal funding for cryptocurrency, with 18% in favor, compared to just 6% of those over 45.
  • Despite some support for the strategic crypto reserve, most respondents expressed uncertainty about government funding for crypto development, particularly among Republicans.

 

Opposition to the Crypto Reserve and Funding for Blockchain

The proposal to establish a crypto strategic reserve has faced significant opposition, especially from Democratic voters. While some Republicans have shown slight support, the broader sentiment reflects skepticism about government involvement in acquiring and holding digital assets. The Trump administration’s executive order has pushed for "budget-neutral strategies" to acquire Bitcoin, but this idea still faces considerable pushback.

 

Generational Divide on Crypto Funding

While there is overall opposition to increasing funding for cryptocurrency and blockchain initiatives, younger Americans (under 45) are notably more supportive. However, this support does not reflect a broad consensus, as many respondents, particularly older individuals, show little enthusiasm for such investments, favoring other critical sectors instead.

 

Context and Future Implications

The poll’s findings highlight the growing skepticism toward government intervention in the cryptocurrency space. As the debate around a strategic crypto reserve continues, the ideological divide between Republicans and Democrats, as well as generational differences, will likely shape future policy decisions. The push for funding blockchain development remains a low priority for most voters, underscoring the need for clearer communication and public support to advance such initiatives.