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Grayscale Investments is a cryptocurrency asset management company that also holds one of the largest cryptocurrency reserves in the world. As per a new public survey conducted by the enterprise, interesting figures about the perception of cryptocurrencies have come to light. Crypto organizations focused on collecting data about the impression of cryptocurrencies among US citizens.

The timing of this survey is also critical as it coincides with the upcoming elections in the United States. As per the report, around 52% of American voters have a good feeling about the future of cryptocurrencies.

These participants have agreed that cryptocurrencies are going to play an important role in the evolution of financial systems around the world.

The latest report suggests that around 51% of Republican followers and 59% of Democrats are rooting for cryptocurrency adoption. Considering the factor that blockchain and DeFi have only been around for 14 years, it can be considered a green signal by the majority.

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In addition, the participants of this survey have also agreed 44% to the idea that cryptocurrencies should be part of their investment portfolios.

The survey was carried out by Harris Poll services on behalf of Grayscale using online polling features.

Speaking on the matter, Grayscale CEO Michael Sonneshein claimed that as the midterm election in the US is getting closer political candidates are looking for causes that can help those secure more votes. In an era of economic instability and financial discontent, many are looking at cryptocurrencies to find relief.

The biggest factor that has thwarted enterprise interest in cryptocurrencies is the lack of proper regulatory clarity.

Role of Government in Crypto Regulations

As per the Grayscale survey, around 81% of cryptocurrency enthusiasts want to see the government playing a proactive role in introducing better cryptocurrency regulations. Out of these 81% masses, 77% are Republicans, while 88% are Democrats.

Meanwhile, 81% of Republicans, in addition to 82% of Democrats, feel that the state should adopt a consumer-centric approach to crypto regulations. It entails that the masses would be at liberty to add or subtract any cryptocurrency from their portfolios. Furthermore, open access to cryptocurrencies is ensured for everyone.

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Larry Wright

By Larry Wright

Larry Wright is a Pulitzer Prize-winning journalist and author. He is known for his insightful reporting and his ability to delve into complex issues with clarity and precision. His writing has been widely acclaimed for its depth and intelligence.