US Voters Reject Trump’s Plan to Create a National Bitcoin Reserve
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A new survey shows that a majority of American voters oppose President Donald Trump's plan to establish a strategic Bitcoin reserve. Even 40% of Republican voters do not support this idea. They also demand that the government cut funding for the crypto industry.
A recent survey conducted by Data for Progress from March 8 to 10, 2025 surveyed 1,169 likely American voters on their views on the government's cryptocurrency initiatives. The results show that 51% oppose the establishment of both a Strategic Bitcoin Reserve and a Digital Asset Reserve. Even 40% of Trump-supporting Republican voters oppose this idea.
In early March, Trump signed an executive order to establish a Strategic Bitcoin Reserve, which will only hold Bitcoin.
The order states that the initial reserve will be based on the government's existing Bit coins. To limit costs for taxpayers, the US Department of the Treasury and the Department of Commerce have been tasked with developing strategies that do not increase the budget for future purchases.
However, the strongest opposition comes from the Democratic Party, with 59% opposing this proposal, while 56% of independent voters also disapprove. These findings show that although Trump's plan is receiving support in the crypto industry, public sentiment is less positive.
In addition to opposing crypto reserves, many voters believe the US government should reduce investment in cryptocurrency and Blockchain development.
The survey shows that 45% of participants support reducing federal budgets for this field, while 29% want to maintain the current level of investment. A smaller proportion, 10%, believe the current budget is insufficient and needs to be increased.
In deeper analysis, voters also say they are unsure whether to increase or decrease funding for cryptocurrency development compared to other policy priorities. While the narrow majority supports a strategic cryptocurrency reserve, 36% of Republicans say the government should reduce federal funding for cryptocurrency and Blockchain development, while only 12% support an increase. 31% of Republicans say funding should remain the same, while 20% say they don't know.
Those under 45 are more likely to believe the government should increase federal funding for cryptocurrency development, with 18% expressing support, compared to only 6% support among those over 45.
Democratic Representative Gerald Connolly, the top Democrat on the House Oversight and Reform Committee, has recently put pressure on the US Department of the Treasury to abandon the plan to establish a strategic cryptocurrency reserve.
Instead, public sentiment shows voters want to see government resources 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 (the federal health insurance program for those 65 and older).
Additionally, many believe infrastructure projects such as roads, bridges, and public transportation should receive more federal investment.
The findings point to a clear divide between the crypto industry and voters in general. While digital asset supporters back Trump's initiatives, voters prioritize funding for social services and infrastructure over investment in cryptocurrency.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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Minh Anh
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