New Poll Shows Increased Support for Cryptocurrency Legalization Among Texans
While Texas has become a hotspot for cryptocurrency mining, it would appear that the state might be ready to take the next step towards crypto embrace.
Earlier this week, popular news media Newsweek published the results of a poll it conducted, showing that many Texans are in favor of making cryptocurrencies legal in the country. The poll was taken between August 20 and 24 by Newsweek and Redfield & Wilton Strategies – a market research firm based in London.
Toeing the Same Line as Wyoming
Newsweek had taken responses from about 9,700 people across ten states in the U.S. The company had especially focused on swing states – essentially, states where both major political parties have similar levels of support. These states are seen as pivotal in every election, and they are the hotbeds where both parties especially focus on.
Among the swing states that Newsweek focused on were Texas, Wisconsin, Florida, and Arizona.
As the result showed, Texas and Wisconsin had the highest percentage of crypto-friendly people, with 37 percent of respondents claiming that they would vote in favor of a ballot that makes cryptocurrencies legal in the next elections.
Newsweek pointed out to the respondents that the state of Wyoming had introduced crypto-friendly legislation earlier this year. The news medium explained that 42 percent of Texans claimed they would be in support of a similar bill. This sows incredible crypto support for the Lonestar State, which has been getting a lot of attention from crypto platers as well.
Arizona appeared to have been the least crypto-friendly state, with 28 percent responding that they would vote “yes” on the aforementioned ballot. Also, only 25 percent of Arizona respondents claimed that they would support crypto legislation akin to that in Wyoming.
Texas on a Roll
Texas has been treading the path towards crypto friendliness steadily in recent times. The state is already a hotbed for cryptocurrency mining, with several firms setting up their operations there. With an abundance of cheap electricity and massive untapped land, Texas is now the Wild West for crypto mining firms.
However, it is worth noting that Texas has some competition when it comes to cryptocurrency embrace. According to a new ranking from cryptocurrency review site Crypto Head, California is the most “crypto-ready” state in the U.S. The state’s appetite for cryptocurrencies was primarily attributed to the increased ubiquity of cryptocurrency ATMs, as well as growing intrigue among citizens about cryptocurrencies.
The rank isn’t much of a surprise. California is a highly progressive state, with most of the country’s technological advancements taking place there. Cryptocurrencies remain a technological advancement at their core, so it is expected that California will take the lead when it comes to adopting them.
Ranking next to California is New Jersey, while Texas takes the third spot. Florida and New York round out Crypto Head’s top five states.