A new survey has fallen on the property of CRYPTOCURRENCIES by Americans at a time when the industry is witnessing increased talk of industry regulation.
In fact, as of February 2023, about 20% of Americans representing at least 50 million citizens own different types of cryptocurrencies. investigation published by Coinbase cryptocurrency exchange February 27 indicates.
The study noted that crypto ownership among citizens has remained constant despite 2022 bear market which saw assets like Bitcoin (BTC) plummeted by more than 60%. Interestingly, the vast majority of cryptocurrency holders, at 76%, believe that digital assets and the underlying technology they are the future
โAt the same time, the survey indicates that the majority of Americans remain optimistic about the future of cryptocurrencies and understand their potential to be part of the solution for meaningful change in the financial system that would benefit society as a whole. Coinbase said.
A breakdown of the headlines shows that Democrats and independents are tied at 22%, while Republicans account for about 18% of cryptocurrency ownership.
Need to reform the financial system
Research that sampled comments from more than 2,000 people saw that 80% noted that today's global world financial system requires a review qualifying it as unfair. Consequently, 67% of those surveyed indicated that the financial system needs an overhaul.
Following the survey result, Coinbase indicated that there are plans to launch nationwide education on the use of cryptocurrencies to make the financial system fair. Along these lines, the trading platform plans to launch campaigns on the use of technology to update financial systems and specific use cases of cryptocurrencies.
It is worth noting that as more Americans venture into cryptocurrency, the country is still facing regulations in the sector. In particular, several pieces of legislation have been brought before different legislative arms proposing the next way forward for the industry.
The matter has also caught the attention of the White House, which official research on the development of cryptographic regulations. At the same time, the regulator, the Securities Market Commission (SECOND), continues to crack down on different players, especially in the issuance of securities.
