A recent survey by Axios and Harris Poll, which surveyed 16,310 Americans, produced some fascinating results on the standing of two particular organizations in the cryptocurrency business. FTX, a defunct cryptocurrency exchange, was given a score of 99 out of 100, placing it at the very bottom of the list. Bitcoin has also made its list debut, coming in at number 93 among the best businesses and organizations.

Reputation issues for FTX and Bitcoin are highlighted in a Visible Brands survey

According to the top 100 corporations ranked from best to worst in terms of reputation, according to the 2023 Axios Harris Poll 100, FTX has a less than outstanding reputation. According to Axios, the purpose of the study is to “gauge the reputation of the most visible brands in America.” It’s interesting to note that this year’s survey includes two items with a crypto theme: the now-defunct crypto exchange FTX and the top cryptocurrency asset by market capitalization, bitcoin (BTC).

According to the survey, FTX and bitcoin have poor reputations when compared to a list of other well-known companies because they are at the bottom of the list. The Trump organization, which is regarded as the worst visible brand in the nation, is just above FTX in the bottom-two rankings. While Spirit Airlines (95), Meta (96), Fox (98), and Twitter (97) are just above the insolvent cryptocurrency corporation.

Both Tiktok and Bitcoin are listed, with Tiktok coming in at number 94 and bitcoin at number 93. The companies BP (92), Balenciaga (91), Family Dollar (90), Dollar Tree (89), Wells Fargo (88), and Comcast (87) are notable examples of companies that rank higher than bitcoin. Participants in the poll were asked to rank the 100 most illustrious organizations on nine distinct criteria in order to determine their reputation. This made it possible to determine the Reputation Quotient, or RQ score, for each business.

The most recent survey was performed by Axios and Harris from March 13 through March 28, 2023, utilizing the same methodology as in 1999. Patagonia, Costco, John Deere, Trader Joe’s, Chick-fil-A, Toyota, Samsung, Amazon, USAA, and Apple were among the top ten most noticeable brands with stronger reputations than most, according to the poll.

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Rep. Warren Davidson claims that legislation to raise the federal debt ceiling prohibits “proposed taxes,” such as a 30% tax on electricity used by cryptocurrency miners.

According to Ohio Rep. Warren Davidson, a proposed tax on the energy consumption of cryptocurrency miners will likely be removed as part of a tentative agreement intended to prevent the United States government from defaulting on its debts.

Following discussions with President Joe Biden and House Speaker Kevin McCarthy, U.S. lawmakers published a draught of a measure on May 28 permitting the government to raise the debt ceiling, an imposed cap on the amount of debt the Treasury Department can incur. To prevent what would appear to be an economic disaster for the U.S. government, the legislation still needs congressional approval before going into force.

The debt ceiling would be suspended for two years under the proposed legislation, allowing the US government to continue borrowing money and paying off its bills. Although the most recent estimates suggested this was unlikely, President Biden reportedly wanted the deal to include specific tax increases for businesses and high-income individuals.

Davidson said in a tweet on May 28 that the legislation prevented “proposed taxes,” such as a 30% tax on the electricity used by bitcoin miners that was included in President Biden’s FY2024 budget. Should the latter have been approved, miners might have been subject to a three-year tax rise of 10% on power produced beginning in 2024.

President Biden declared after negotiations, “The agreement […] represents a compromise, which means no one got everything they wanted.” For the first time in the history of our country, the accord averts the worst-case scenario of a default.

Long before the possibility of a financial default looked to be a problem, the White House and proponents of the mining tax had come under fire from many in the area. Dan Held, a former Kraken growth lead, and several bitcoiners praised the debt ceiling bill.

The debt default deadline, which is anticipated for June, means that the US government is not quite out of the woods. The bipartisan agreement signaled that lawmakers are moving forward, but the House of Representatives remains divided, with many Republican members openly antagonistic to Speaker McCarthy. On May 31, the legislative assembly is anticipated to convene and vote on the proposal.

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