Crypto assets are becoming increasingly popular among Americans.
A recent poll conducted by NBC News found that one in five Americans uses, invests in, or trades cryptocurrency.
1,000 Americans were surveyed between March 18 and 22. The study found that 21 percent of participants have already become involved with crypto.
Men aged 18 to 49 constituted the largest demographic group, as half reported having been involved with crypto. Young adults aged 18 to 34 made up 42% of this group.
According to NBC’s poll, a mere 19% of respondents said they view crypto positively, while 25% viewed crypto negatively. The remainder were neutral or unsure about the industry as a whole.
These findings coincide with the US government's ongoing efforts to regulate crypto.
"The crypto market still resembles the Wild West without any major legislative efforts," Securities and Exchange Commission Chair Gary Gensler says.
However, Crypto enthusiasts say assets such as Bitcoin, Ethereum and stablecoins facilitate faster transactions, lower costs, privacy, and security, and offer a chance for underbanked communities to access financial services.
United States President Joe Biden released a research-centric executive order last month, urging research into a number of different areas as well as the creation of a US central bank digital currency.
Likewise, US Congress is considering regulatory approaches on a number of fronts aimed at reshaping the way US-based agencies conduct oversight of US-based firms.