Polls show that only 10% of voters support federal spending on cryptocurrency, the White House clarifies the source of strategic reserve funds

According to the latest poll by Data for Progress, only 10% of American voters support the Trump administration's increase in federal funding for cryptocurrency and blockchain development. In contrast, 65% of respondents prefer to increase social security spending, and 64% favor increasing the health insurance budget.

At the time of the poll's release, Trump signed an executive order on March 6th to establish a Bitcoin strategic reserve. The White House later clarified that this reserve fund will come from Bitcoins confiscated by the government, i.e., proceeds from criminal or civil asset forfeiture rather than taxpayer funds.

The data shows that 45% of respondents hope to reduce federal cryptocurrency expenditures, while 29% believe they should maintain their current status and 17% have no clear opinion. Additionally, only 20% of voters support increasing AI research and development funds.

On the issue of establishing a Bitcoin strategic reserve, 51% of voters oppose it. By party affiliation, both Democrats (59%) and Independents (56%) are opposed while Republicans show more support at (41%).

Despite Republican efforts to promote cryptocurrency policy before the presidential election in 2024 , polling results indicate that overall voters tend to support projects advocated by Democrats such as social security benefits , health insurance , public education etc.