Cryptocurrency analysts have found that every fifth American invests in cryptocurrencies

A recent study by the crypto exchange Coinbase found that one in five adults in the United States owns digital assets, a group that includes 52 million Americans. Coinbase’s survey made it clear that Americans want changes in the country’s financial system, and cryptocurrencies are one of the ways.

According to analysts, in the states of New Hampshire, Nevada, Ohio, and Pennsylvania, 55% of voters are less likely to vote for candidates who oppose cryptocurrencies and Web3. 72% of people aged 18−34 believe that «cryptocurrencies give people direct control over their money» and agree that «digital assets are the future of finance.»

«When it comes to using blockchain technology to make our financial system more open and democratic, the government continues to do everything it can to preserve outdated schemes. In a democracy, the will of the people can drive progress, so it’s time to act ,» Coinbase representatives emphasized.

Experts are convinced that cryptocurrencies need clear, reasonable legislation. The current «enforcement only» approach jeopardizes jobs, innovation, and global leadership. Countries from around the world are increasingly moving forward with responsible cryptocurrency regulation to strategically position themselves as «crypto hubs» — attracting new innovative companies, jobs and revenue.

In March, an Electric Capital report on developers found that the U.S. is at risk of losing 1 million developer jobs and 3 million related non-technical jobs over the next seven years as Web3 development increasingly moves overseas.

«Cryptocurrency plays a critical role as an underlying technology that will revamp the global financial system. As China uses technology, including digital assets, to strengthen its power, global economic leadership and U.S. national security may be at risk,» analysts believe. 87% of F500 executives surveyed by Coinbase said that clear rules are vital to maintaining the US leadership in the global financial system, and 46% of the executives surveyed believe that regulatory ambiguity is a barrier to investment.

In early August, Coinbase conducted a study of cryptocurrency interest among New Yorkers. It turned out that 19% of local residents have digital assets. According to the researchers, users' interest in digital assets and Web3 projects is growing rapidly in New York. This can be seen in the number of companies working with blockchain — 692 such firms are registered in New York State, and the number of founders and co-founders is more than 800. Interestingly, 52% of the local Fortune 100 have been involved in Web3 and blockchain initiatives since 2020.