According to a survey, nearly every third resident of the swing state would like to see local authorities legalizing cryptocurrency as a payment option. The research revealed that while public support for private cryptocurrencies is at a high level, locals still need to know more.
Texas and Wisconsin ranked first
London-based polling firm Redfield & Wilton Strategies surveyed more than 9,700 eligible voters in 10 swing US states to determine their opinion of some of the recent developments in the crypto space. They are California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.
When asked if they want their local authorities to legalize digital assets for payments, nearly a third answered “yes.” Taking a closer look at the different states, Arizona residents seem to be the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin lead the stats with 37% in favor of the initiative.
Citizens of the “Lone Star State” topped another ranking where 42% would like to follow crypto-friendly Wyoming legislation where cryptocurrency transactions are tax-free. Arizona (25%) fell behind that statistic, too.
Most states in the United States have historically been consistent in their votes and never changed their Democratic or Republican position between 2000 and 2016. However, there are 13 states, known as swing or battlefield states, that usually decide the outcome of each political campaign.
The development of cryptocurrency in recent years may be another factor that politicians should consider, as Louisa Edel, Head of Insights at Redfield & Wilton points out:
“If a party wants to catch these responding voters, it has to act quickly — not only to outsmart the other party but also to pre-empt legislation that would be difficult to reverse if enacted.”
Most Americans have only heard of BTC
While a large segment of the American society would like to see cryptocurrencies as a legal means of payment, they also need to improve their knowledge on the matter.
According to the findings, the majority of voters have only heard or read about Bitcoin. More than 60% of them have no knowledge of any other currencies like Ethereum (ETH). Even among those who are familiar with the underlying digital asset, nearly 50% say they know only “a little,” while less than 25% consider themselves knowledgeable.
On the question “Have you heard about cryptocurrencies before the survey?” 14% of Georgia residents answered “no.” Awareness was highest in Florida, where only 8% of the local population knew of digital assets after the survey.
Free $50 Binance Futures Coupon: Use this link to sign up and get 10% off fees and $50 when you trade $500 (limited offer).
PrimeXBT Special Offer: Use this link to register and enter the code POTATO50 to get a free 50% bonus on any deposit up to 1 BTC.