Topic: A poll in the USA to accept crypto as a legal payment (Read 234 times)

As simple as that, if there is a country that understands that they cannot simply ignore a superior technology that is the US, now it is obvious they do not like bitcoin completely and they are going to try to regulate it so people have to go through KYC to use their bitcoin and other similar stuff, but as we know bitcoin will never be completely regulated as its decentralized nature will help the people that are determined enough to find workarounds those regulations.

I would say that even Banks do not get enough trust from the public, let alone something called crypto that they rarely know. Think about how big, literally HUGE banking world is and how many people do not trust them, there are many that do not use any banking at all but even the ones that use it do not trust them with a big margin. So, if finance world is seen as such a low life thing in USA, then how could we convince so many people to check crypto out.

I personally got into crypto so many years ago BECAUSE banks are horrible and I do not trust them, they are the worst scum in the world and that is why crypto was my alternative that I loved, but if I didn't know how trustworthy it is, I wouldn't join here neither, I fell in love with the decentralized aspect but my brain was capable of understanding it.

So, I do understand people who still hold judgment over what crypto is, the moment they truly understand it, they will join without a beat.

But it doesn't mean that it's a legal one, this legalization stuff will help bitcoin have a face in case it's involved in something that involves a court or legal matter. This is much better because if they recognize bitcoin, more people will know about it and more of them will eventually know be curious and try it themselves.

I dont think its high percentage of yes vote. We should be having more than 50% yes votes to win this election contest. I mean that is the ideal break even point in any business model to get success. Crypto currency should be far more popular in the US as compared to other countries.

I am not sure how it works in the election back in USA, but if thats enough % for getting the approvals then be it! Its good news.


Exactly man. Its around 70% no to this acceptance. Lets assume that even 10-15% did not even vote in this process then also the weightage for negative vote is higher. Thats actually bad one considering this voting process is in most amazing country like US, I see this as lost situation for us. I mean what we should be expecting from the rest world?

Lots of states in the US are actually accepting cryptocurrency as a mode of payment and I'm sure that the government is aware of it. It only needs legalization and though some people are against it, I'm sure that the majority still like the convenience that cryptocurrency could provide.

Even if the poll's representative of the whole voting population of the swing states, the news is actually bad rather than good. It's written in a bullish manner, but if you read carefully, you can notice that it's always the minority who support making Bitcoin as a legal payment, and then it says that only around a quarter is undecided or indifferent. Which means that the majority opposes the idea, and there's actually even a fragment about it in the article the op linked:
So with the majority being against the decision and  a huge chunk of people being indifferent, it's unlikely that this will be put on the political agenda because it will not help win the voters, clearly.

Doesn't seem particularly bullish to me.  If 28 to 37 percent are indicating they want crypto when asked, that means that 63 to 72 percent are saying they don't.  That's breaking nearly 3 to 1 against.  Just doesn't seem at all like these results speak at all to the US being crypto-friendly.  We're just not at a point where many people want us to be.

The only ones who don't support crypto, are those who have never used or owned it.

It can't be underestimated how many unfortunates in the world were raised to think that learning, growing and trying new things are inherently bad. Especially when it comes to money. There's a powerful sentiment that says people could never be involved with stock markets, bonds, FOREX or crypto without being scammed and losing money. Many believe they should only use banks and rely on state approved programs like social security. Their basic education never covered hyperinflation or the great depression. They have 100% confidence that banks and government programs are reliable and safe. And everything else is a scam.

I think that's a key obstacle cryptocurrency must overcome, if it is ever to reach a high percentage of mass adoption.

Maybe it also helps to recognize the negative attitude which prevents many from using crypto, in ourselves, as a regressive thing.

Actually, there are already many places that accept cryptocurrencies as a payment method in the USA. But the government hasn't added cryptocurrencies as a legal payment method of course. I heard that there are so many people who are using cryptocurrencies in the country. This means that even more people would like to see their government adding it as a legal payment method.

This poll results actually doesn't immitate the people's choice because not much people don't have any knowledge about what is Bitcoin, and also USA may face issues economically if they accept it as legal tender instead of digital asset moreover USD still being used as the reserve currency all over the world so accepting bitcoin as legal tender will degrade USD.

I don't think there's any law that prohibits any individual or company to accept Bitcoin for goods and services in the US.

A survey done in 2020 showed that:


source: https://www.businesswire.com/news/home/20200115005482/en/HSB-Survey-Finds-One-Third-Small-Businesses-Accept

Anyone is free to transact in Bitcoin in the US.

i doubt the US would make bitcoin legal now or next year, they still don't need to at least that and in the eyes of the politicians who make the laws. but that doesn't change the fact that in the US there have many bitcoins ATM and places that accept bitcoin as a means of payment. there are places that don't even have at least 1 bitcoin ATM, I'm talking about my country.

I am curious what will be the China's approach when all the other countries around them are crypto-friendly and people are enjoying the benefits brought about by blockchain technology. US may want to put regulations on crypto but it doesn't resort to what China had to do like totally banning crypto transactions. As of now, USA is still leading in terms of bitcoin trading. The road to crypto becoming legal payment may not be smooth but at least they are more open minded when it comes to new developments in technology.

They just warned their citizens for the probabilities to get scam nor lost everything from the risk beneath on investing on possible scams and market volatility but they don't totally do the same with China but if they decide to support bitcoin then this is truly good news knowing the base price of bitcoin is USD and its a huge boost for the economy of bitcoin if this will be accepted as legal payment option on that huge country.

This will not become a serious thing at all. The only power USA has right now is the amount of USD is dealt overseas. I am not even talking about USA and another country dealing with each other, which is awesome for USA because they convince other nations to take their money and receive a product in return, China owns so much USD treasury as well.

However what I am talking about is that there are so many companies who are not from USA and still deal in USD, like Nigeria and ivory coast companies dealing with each other in USD, that is the power of USD. If they somehow make that change, and if they do some digital currency as legal payment then it would drop the power of USD and that is something USA can't deal with. Which is why this is just a wishful thinking by some people and even if the poll shows 90% they could still not do something about it.

Well I can't remember or know of any of anytime US has made any negative statement about bitcoin or its progress that means from time ago US has supported and allowed bitcoin operation and transaction smoothly. This news about making enactment on it is more as to formally support it. This is good because it will allow for payment systems to officially include bitcoin and some recognized cryptocurrency as options .

No matter what's the result of this poll. This can make some emotional effects and some effect is the atmosphere of people how to like and don't like bitcoin, But I believe the government will not accept such a thing because many of them are dollar hardliners and they want USD to be used more than any currency. Surely, they know the benefits of bitcoin but they don't want bitcoin to be the competitor of the dollar however in the other countries where they don't have strong fiat, such as El Salvador this may work.

US will do its best not to adopt cryptocurrency as a legal method of payment. No matter what their voters think, I don't see this happening because of a simple reason - the dollar dominance! US will never take any such step which will reduce the importance of dollar bills within their own jurisdiction. They might provide some relief and possibly allow merchants to legally accept cryptos but they wouldn't allow crypto payments into anything related to government.

If this happens, I will be shocked! There are smaller countries who have already started process to reduce their dependency on US dollars. So bitcoin is officially challenging the dollar dominance already.

What is clear in this recent case, the US must be able to compete in the crypto industry if they do not want to be displaced by China. Because if the US actually bans their crypto, it's the same as being far behind in the digital economy. One of the best ways is that the US must immediately contradict where China blocks crypto, then the US must adopt more massive cryptocurrencies again.

It's interesting if the U.S. government has already made a policy on cryptocurrencies and legalized the public to adopt of course this is good news for the future development of cryptocurrencies because it is not impossible that pro countries with the U.S. will definitely follow the policy's steps.

Between how the poll is presented and how to voters interpret the poll there is a lot of room for misunderstanding. The strange thing is, Bitcoin is not in any way illegal in the USA and can be accepted by any business that wants to deal with the related financial "paperwork". Monetary policy is not set at a state level so this will have zero impact on how the US government operates, despite your assertion that this could be voted on at the state level. The US has one currency, which is the US dollar and that happens to be the reserve currency of the world - offering it a very privileged ability. No sane government in America, even with the antics we saw with the past president, would allow that to be diluted or fragmented by accepting a cryptocurrency they have no control over to become an official currency. These poll results are meaningless and actually show only a small minority want this.

Not entirely like China because the US is trying hard to regulate the market. SEC Gensler twisted his terms and whatever he had said in the past about cruptocurrencies as securities but its message contains the same as to try to regulate the cryptocurrency and not banning like China.

The example of cities like Miami or Wyoming in the US are starting to use crypto and others will follow too as these are the promises of the politicians today in order to win.

Despite what many think, the US has been far more crypto-friendly than most countries.
You can run any number you want and you will see them coming on top, of course, if we ignore that fake volume exchanges are claiming with trillions of users from Rwanda and Tuvalu.

The funny part:


And some people really think that outside the world of crypto kitties anybody gives a damn about those altcoins.
I wonder why they haven't published the results or given a link to the poll, there is so much data I'm curious about, especially the difference between Texas and California. Also, it's pretty hard to understand those results :


It would be really nice to see the undecided and the against factions by state.

No, not at all.  This was just a poll, and while the numbers are probably higher than they would have been about 5 years ago, they're still quite low.  And again, this wasn't the government expressing interest in accepting bitcoin for things like taxes and other government-related payments; it was a Newsweek poll, which carries no weight in the eyes of the US government.

The US is already crypto-friendly.  Maybe not as far as the government is concerned, but its citizens sure have a lot of interest in it and there are many US businesses that already accept bitcoin.  That's as good as it's going to get for now.

And personally, I wouldn't want to pay my taxes with bitcoin or any other cryptocurrency.  That would give them a full view of my crypto transactions, and the government already has too much surveillance going on.  I would have voted against this had I been polled.

At the end of the day, this poll would prolly count for little or nothing as it is the government that would make the decision after looking at what their benefits will be, and what it will mean for the economy. BTW, crypto isn't illegal in the U.S., but I strongly doubt the government would be considering making it a legal tender when they already have plans in motion to launch their own digital currency.
AFAIK, the United States isn't crypto-unfriendly, but there are some decisions I don't think they will take in favor of crypto, if the U.S. for example makes Bitcoin a legal tender, that is indeed a big statement that would prolly take Bitcoin pretty much close to the next level (mainstream adoption), but the government would be reluctant to take this decision about a network they can't control, they would rather promote their CBDC.

In my own opinion USA competes with China on adopting new technology and since the adoption is growing then maybe they adopt the changes since they can actually earn with it by adding additional tax if they let it happen and that could boost their economy. But lets just see if this adoption will happen on their country since I'm sure many wait that they will announce the said adoption to come to them since they are the country who's been look for by other small so if this events will truly happen we can see bitcoin fame rise up more.

They'd be left with no choice if Bitcoin starts being adopted in smaller countries. USA being left out means losing money over the long term.

Biden have shown a little hostile takeover in terms of Bitcoins. But even though the news might not be good, we have still not seen much happening legally in the US..I do think that it would eventually depend on people, how the people decide to Handle the situation. They have to ask the government for their rights, they have to prioritize how they are able to set the whole thing up. In the US we can see coffee shops, normal shops accepting the payments perse in Bitcoins and therefore that does mean people are not only open but also interested in the same.
-After the voting people would have a backup, they would have s strong support system in place and I do think that would help the government to see that these people are sure of what they want.
-hopefully the poll works well and they are able to present positive arguments for the same.
They have to use this poll as a strong point, as a strong hold to present their requirements. Plus it's time for the government to show that their country is indeed based upon the *freedom* as they say.
-The politicians will also use this to attract people towards them for the next elections, we have to also take careful measures regarding that since there is a difference between who would use Bitcoins as a hurdle and who would genuinely work towards integrating it more closely with the US economics.

It should be said that for the United States, there has never been an obvious hostility or opposition to cryptocurrencies like China. As far as I know, the number of U.S. merchants that support Bitcoin payments continues to increase. This will be a trend in the future, and merchants that support Bitcoin payments will earn more profits.

It seems, in the USA, the interest in using crypto as a legal payment already increases as a poll already surveyed voters from California, Florida, Georgia, North Carolina, Ohio, Pennsylvania and Virginia. That poll got a result of 28 percent in Arizona to 37 percent in both Texas and Wisconsin, voters said they would vote 'yes' to a ballot measure that would make cryptocurrency legal in the next election.

That's quite a higher percentage to see if the voters are already aware of crypto and are interested in using crypto for the payment.

What is your opinion about this? Does this lead the USA, as a giant country, to become crypto-friendly in the next year?

Source: https://www.newsweek.com/exclusive-about-third-swing-state-voters-want-crypto-legal-payment-their-state-1630387