A new survey shows that a majority of American voters oppose President Donald Trump's plan to establish a strategic cryptocurrency reserve. Even 40% of Republican voters disagree with this idea.

They also call on the government to reduce funding for the cryptocurrency industry.

Most American voters reject Trump's cryptocurrency reserve plan

A recent survey conducted by Data for Progress from March 08 to March 10, 2025, polled 1,169 American voters on their views on the government's cryptocurrency initiatives.

The results show that 51% oppose the creation of both a Strategic Bitcoin Reserve and a Strategic Digital Asset Reserve. Even 40% of Trump-supporting Republican voters disagree with this idea.

Earlier this month, Trump signed an executive order to establish a Strategic Bitcoin Reserve, holding only Bit.

The order states that the initial reserve will be based on Bit that the government already owns. To limit costs to taxpayers, the Treasury Department and the Department of Commerce have been tasked with developing strategies that do not impact the budget for future purchases.

However, the strongest opposition comes from the Democratic Party, with 59% rejecting the proposal, while 56% of Independent voters also disagree.

These findings suggest that while Trump's plan has support in the cryptocurrency industry, public sentiment is not very positive.

Americans want to reduce federal investment in crypto

Not only do they oppose cryptocurrency reserves, but many voters also believe the US government should reduce investment in developing cryptocurrencies and Blockchain.

The survey shows that 45% of participants support reducing federal funding in this area, while 29% want to maintain the current level of funding. A smaller proportion, 10%, believe that current funding is insufficient and needs to be increased.

Instead, public sentiment suggests that voters want government resources to be allocated to other areas.

Social programs remain the top priority, with 65% supporting increased funding for Social Security and 64% supporting more spending on Medicare.

Additionally, many believe that infrastructure projects such as roads, bridges, and public transportation should receive more federal investment.

These findings highlight the clear divide between the cryptocurrency industry and the general electorate. While cryptocurrency supporters back Trump's initiative, voters prioritize social services and infrastructure investment over investment in cryptocurrencies.