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Meanwhile, the United States and the International Monetary Fund support India's attempt to regulate cryptocurrencies.
While the United States has not yet proposed a outright ban, Treasury Secretary Janet Yellen has said that a regulatory structure for cryptocurrencies is imperative. The morning consultation has revealed the results of a recent on the subject by COINBASE commission. The results show that most Americans include cryptography as an important part of an updated financial system beyond party lines.
Democrats and Republicans Share the Crypto Bug
According to those surveyed, 22% of Democrats, 18% of Republicans, and 22% of Independents own cryptocurrency. Most Democrats proposed tightening crypto regulations during a recent Senate Banking Committee hearing on crypto legislation. In the meantime, many Conservatives have argued that the second is stifling innovation.
Blockchain technology and cryptocurrencies are the future, according to 76 per cent of crypto owners, according to the investigation. Among American youth and people of colour, this is even higher.
Senator Tom Emmer, a pro-crypto Republican, recently expressed privacy concerns regarding a potential Fed-issued digital currency.
Moreover, the survey found that no matter if they own cryptocurrency, younger age groups believe in crypto. Most Gen Zs (54 per cent) and Millennials (55 per cent) believe blockchain and cryptocurrency are the future.
Most people in the United States agree that the financial system needs an update??
A recent morning consultation survey showed that frustration with the system is high.
As well as optimism regarding cryptography. A recent Morning Consult survey has shown a lot of frustration with the system. pic.twitter.com/J2RBvjwjIV
— Coinbase (@coinbase) February 27, 2023
Can cryptography help modernize the Americans' financial system?
Pic.twitter.com/j2rbvjwjiv – coinbase (@coinbase) February 27, 2023 what crypto winter? Notably, the survey found that the crypto winterWhat season of crypto? In terms of the United States as a nation, 20% of the people we're talking about are crypto owners.Know more had not deterred ownership much since early taking hold in early 2022.
As the proverb says: even a madman can make money in a bullish market.
The proof of a trader's quality lies in his ability to... find out more has not been much of a deterrent to ownership since he took over at the beginning of 2022. While the U.S. has not yet proposed an outright ban, Treasury Secretary Janet Yellen stated that it is imperative to have a regulatory structure for cryptocurrencies.
