A recent survey conducted by Data for Progress revealed that only 10% of Americans support government spending on cryptocurrency, while 51% oppose the idea.
The survey showed that social security, Medicare, public infrastructure, and education were prioritized by the majority of US voters, overshadowing the desire for government spending on cryptocurrency.
While 58% of Americans have heard about Bitcoin, there is still significant distrust towards cryptocurrency, with 63% doubting its reliability and safety according to a Pew Research survey.
The perception of the industry has been negatively impacted by various scandals, and the recent survey results highlight the lack of support for crypto reserves among American citizens.