Poll: 79% of Americans are in favor of more transparent regulation of cryptocurrencies

The opinions of American adults on cryptocurrencies vary, but the vast majority of respondents – 79% – believe that the crypto industry in the United States requires more regulatory transparency.

The survey was conducted by The Harris Poll, a polling company commissioned by investment firm Grayscale. As part of the study, 2,029 American adults were interviewed between October 6 and 11. In addition to more transparent regulation of cryptocurrencies, 76% of those surveyed believe that more “clear rules” are needed for trading digital assets.

“We are seeing strong support for regulation of cryptocurrencies in the US – Americans want well-defined rules and regulations. Residents of the United States emphasize that regulation should be consumer-oriented so that any citizen has access to cryptocurrencies, ”the experts note.

At the same time, survey participants trust traditional financial instruments more than investments in cryptocurrencies – 84% chose traditional finance, and only 51% chose digital assets. The confidence in politicians and government among Americans is even lower – 49%. 53% of respondents said that cryptocurrencies will be the “future of the financial industry.”

The study notes that more transparent regulation of the cryptocurrency industry could attract investment from more Americans. 57% of respondents said that it would be easier for them to invest in cryptocurrencies if the regulation was clearer and more understandable. At the moment, only 20% have invested in any cryptocurrencies, and 6% of respondents have NFTs.

Earlier, asset management company Charles Schwab & Co reported that 43% of zoomers and 47% of millennials have already invested in cryptocurrencies to replenish their pension funds.