Politics Exclusive: About a Third of Swing State Voters Want Crypto as Legal Payment in Their State
Crypto risk-takers aren't crazy — they're just desperate
When no one can save for the future, even those who shouldn't will speculate when they encounter someone who is ready to take their money and promises riches to come. They have no choice.Karen Petrou is managing partner at Federal Financial Analytics, Inc. She is author of "Engine of Inequality: The Fed and the Future of Wealth in America".
Roughly a third of voters in swing states said they would want cryptocurrency to be a legal form of payment in their state, an exclusive Newsweek poll conducted by London-based polling firm Redfield & Wilton Strategies showed.
Ranging from 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.
A Very, Very Crypto Insider-Trading Scandal
Did an executive at the world’s largest NFT marketplace front-run his customers?Chastain stepped down on Thursday as the head of product at OpenSea.io, a kind of online gallery–slash–auction house for NFTs. Sales of art-themed NFTs at OpenSea — by far the largest player in the space — have exploded, surpassing more than $1 billion in trading volume last month. If, for instance, you find yourself looking to spend $18,000 or more on an image of a bored-looking monkey for use as a Twitter avatar, OpenSea is the place to go.
The poll also surveyed voters from California, Florida, Georgia, North Carolina, Ohio, Pennsylvania and Virginia.
When informed that Wyoming has introduced crypto-friendly legislation, results ranging from 25 percent of voters in Arizona to 42 percent in Texas said they would support a similar bill in their state.
In hopes of encouraging investments, attracting residents and creating jobs, Wyoming passed laws that exempt cryptocurrency transactions from transmitter regulations and make transactions free of state taxes.
Most voters who own cryptocurrencies cited prospect of high returns and personal interest as the top reasons for their investments.
While there was some support for the U.S. to create a national cryptocurrency pegged to the value of the U.S. dollar, the majority of voters said they would oppose the idea.
Would you take a personal loan for these expenses?
Would you take a personal loan for these expenses?Maybe you’re too busy thinking about the upcoming college semester — whether yours or your child’s — to be thinking too hard about winter break just yet. Or maybe you’re just trying to sneak in one last epic summer vacation. No matter what your life looks like this August, here’s how to tell whether or not a personal loan might be worth considering.
The highest opposition among a national cryptocurrency was in Arizona, with 40 percent of voters signaling opposition. Georgia was the only state where voters seemed divided, with 27 percent saying they would oppose a national cryptocurrency and 27 percent saying they would support it.
Throughout the poll, roughly a quarter of voters that responded repeatedly expressed indifference, saying they wouldn't know their stance or wouldn't support or oppose making cryptocurrency legal either federally or statewide.
Greater education surrounding cryptocurrency could potentially sway voters to invest. Roughly 6 in 10 voters who don't own cryptocurrency said their main reason for their decision was because they don't know enough about cryptocurrency.
Most voters also seem to have only heard or read about.
When asked about other cryptocurrencies like Ethereum, Tether or Doge, more than 60 percent of voters across all 10 states said they had never heard of the digital currencies before. Even among voters who knew about Bitcoin, approximately half said they only knew "a little bit" and less than a quarter saying they knew "a lot."
Robinhood launching cryptocurrency wallet feature
Popular trading and investing app Robinhood on Wednesday announced the launch of a new cryptocurrency wallet feature on its platform as more users are looking to invest in digital currency.The wallets, which already have a waitlist in place, will be able to accept and distribute cryptocurrencies like Bitcoin and Ethereum within an existing Robinhood account. As with other transactions, any trading done with cryptocurrencies on the app will be free of commission fees.
While voters may still need more knowledge about investing in cryptocurrencies, very few voters, ranging from 8 percent in Florida and 14 percent in Georgia, said they had not heard of cryptocurrencies prior to the poll.
Louisa Idel, head of insights at Redfield & Wilton, suggested that politicians could entice voters by campaigning in support of cryptocurrencies.
"If a party wants to catch these receptive voters, it should act swiftly—not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted," Idel said.
The poll surveyed over 9,700 eligible voters between August 20 to 22 in California and 20 to 24 in the other nine states.
to Bitcoin Crackdown in China: Thus, the big crypto birds react .
China has put the reins back in terms of bitcoin and other crypto currencies. Now the first big crypt bodies have drawn consequences. Some remains only the escape. © lukasz stefanski / shutterstock China versus bitcoin - again. It's not the first time that China is out of fear of a threatening loss of control against the trade or mining of Bitcoin and other crypt feeds.