Crypto industry inflates crypto ownership by as much as 250%

Crypto industry-funded polls have claimed that as much as 28% of American adults currently owned crypto in 2024. Coinbase in particular loves to throw around claims of 20%.

Federal data has just come out putting the figure at... 8%.

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Legislators and regulators are frequently relying on the crypto industry’s own inflated figures to justify their actions, and the crypto industry has used the supposed existence of all these “crypto voters” as a cudgel to threaten legislators.

Toomey and Sinema Introduce Bipartisan Legislation to ... Senate Committee on Banking, Housing, and Urban Affairs (.gov) https://www.banking.senate.gov › newsroom › minority Jul 26, 2022 — “With 1 in 5 Americans holding or using crypto, greater regulatory clarity will support the industry's next stage of growth. We look forward to ... Acting Comptroller of the Currency Michael J. Hsu Office of the Comptroller of the Currency (OCC) (.gov) https://www.occ.gov › pub-speech-2022-37 PDF Apr 8, 2022 — According to some surveys, nearly one in five Americans has exposure to crypto today. Those Americans are disproportionately young, diverse, ... 9 pages Cryptocurrency Goes Mainstream U.S. Senate (.gov) https://www.rpc.senate.gov › policy-papers › cryptocurre... Apr 7, 2022 — According to a recent poll, one in five American adults has made an investment, traded, or used cryptocurrency. ... people have less trust in ... Missing: 1 ‎| Show results with: 1
Myth: All digital assets, other than bitcoin, are securities ... House Committee on Agriculture (.gov) https://agriculture.house.gov › uploadedfiles › ma... PDF Nearly 20% of Americans own digital assets and more than 67% of Americans hope to use digital assets on “trusted, secure platforms.” Additionally ... 7 pages Financial Stability Risks of Crypto Assets Commodity Futures Trading Commission | CFTC (.gov) https://www.cftc.gov › SpeechesTestimony › oparomero3 Oct 26, 2022 — With reportedly one in five Americans owning cryptocurrency, and growing interest by more traditional finance “Trad-Fi,” it is important for ...
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