Data For Progress reports that a majority of Americans (51%) oppose the idea of a Strategic Crypto Reserve proposed by President Donald Trump in early March.
The primary reason for this opposition is the concern that such a move could disrupt the country’s financial stability, as it would require significant budgetary allocations to establish a reserve in the form of digital assets.
Meanwhile, only 34% support the proposal for a strategic reserve of digital assets like Bitcoin (BTC) and Ethereum (ETH). The majority of supporters come from Republican Party members and sympathizers.
For context, Trump has signed an executive order to create a strategic crypto reserve, which would utilize federal government expenditures to purchase and store cryptocurrencies as national reserve assets.
