Poll: More than Half of Americans Oppose a Federal Reserve CBDC
The more people learn about the possible implications of a US central bank digital currency (CBDC), the less they like it. A poll of voters in Senate battleground states commissioned by the conservative Club for Growth shows that 53% oppose a Federal Reserve CBDC, while just 11% support the idea. The remaining 36% said they remained unsure. This poll comes just as the Biden administration has directed executive branch departments and the Fed to develop a framework for regulating crypto and creating a Federal Reserve CBDC.
These are encouraging numbers speaking to the increased awareness of cryptocurrency among Americans. Not least because, as we’ve written, CBDC’s are an authoritarian dream for social engineering and state control. Through CBDCs and the control they offer, governments can make individual citizens behave exactly as they wish them to by restricting their buying and investment power, or deplatforming any activity or business enterprise it deems contrary to the state.
Voters became more doubtful of digital currency when they learned more details from the pollster. Fifty-nine percent of voters said they were less likely to support a digital currency when they were told “the government could monitor all purchases that you make using the digital currency” and prevent it from being used for particular purposes. Plus, 51% said they were less likely to support the currency after they were told “the government could tax transactions made with the digital currency if the person making the transaction haven’t paid their taxes.”
The poll also surveyed voters’ opinions on the environmental impact of Bitcoin and other cryptocurrencies. Forty-two percent of voters said they were not sure if cryptocurrencies hurt the environment, while 31% of voters said they hurt the environment and 27% said they do not hurt the environment. Democrats were slightly more likely to say cryptocurrencies hurt the environment compared to Republicans.
WPA Intelligence, a firm that often works with conservative candidates and causes, polled 1,102 likely voters in an online survey from Sept. 6-11. Voters were polled in Arizona, Colorado, Florida, Georgia, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Washington and Wisconsin.