- According to the Grayscale survey, 79% of American adults were in need of more regulations on cryptocurrency.
- 76% added that clear rules must be implemented by the government.
- The survey made it evident that more investors would enter the crypto field if regulations are implemented.
According to a poll commissioned for Grayscale by Harris Poll, a majority of American adults, almost 79%, agreed that crypto space should be subject to more regulation by the government.
The survey was conducted for taking into consideration the necessity of setting up new rules for cryptocurrencies. Interestingly, almost 76% of the voters advocated for “clear rules” for cryptocurrency trading.
While giving out a summary of the survey, the Harris Poll wrote that people wanted crypto to be accessible to everyone everywhere:
There is strong support for U.S. crypto regulation: Americans want clearly established rules and regulations. They indicate the regulation should be consumer focused to ensure crypto is accessible to everyone
It was evident from the survey that the poll respondents were having comparatively lesser trust in cryptocurrencies than the traditional investment tools and fiat systems. While 84% supported traditional investment tools like stocks and bonds by claiming that they trust them, 51% conveyed that they trust cryptocurrencies.
Furthermore, almost half of the people admitted that they have trust in politicians and the government. To add, more than half of the voters, almost 53%, voted to share their belief that crypto is the “future of finance”.
The survey concluded that more investors would be available in the crypto space if more regulations are implemented for it by the government. 57% of the voters commented that they would be more comfortable if crypto becomes regulated.
Interestingly, the poll evaluated the percentage of people who own different crypto coins. Around one-fifth of the polled people owned coins like bitcoins, ether, dogecoin, etc, while only 6% owned NFTs.
Finally, the voters were split to analyze the position of the US in maintaining regulations in the crypto industry. 40% opined that the US lies parallel to other countries with its regulations, making it safe for the public to trade crypto. However, 39% said that the US is “far behind” other countries in its crypto regulations. In addition, 6% said that the US is better than many other countries in terms of crypto regulation.
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