US 'coin tribe' surpasses 67 million... Ripple executive "Cryptocurrency is not a market for the few"

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With 67 million American adults holding digital assets, it has become difficult to dismiss cryptocurrency as a market for only a few investors. A Ripple executive emphasized that cryptocurrency holders are one of the largest voter groups in the United States.

According to the cryptocurrency specialized media outlet U.Today on July 7 (local time), Stuart Alderoty, a Ripple executive and president of the National Cryptocurrency Association (NCA), urged federal lawmakers not to treat cryptocurrency holders as a fringe group. Alderoty stated that 67 million American adults currently hold digital assets.

A recent poll by the political media outlet Politico showed that support for the US cryptocurrency market structure bill was 27%. Some Washington officials used these results to conclude that cryptocurrency is not important to the average American. Alderoty presented a recent study showing that one out of four American adults holds cryptocurrency. He said, "First of all, it means more people own cryptocurrency than people own dogs," adding, "By any reasonable standard, it is one of the largest groups in the United States."

According to National Cryptocurrency Association data, 12 million new users were added to the US cryptocurrency market in the past year. The Politico survey found that 45% of Americans considered cryptocurrency risky. Alderoty countered that the perception of risk does not mean a rejection of cryptocurrency.

The perception of cryptocurrency investors as wealthy male tech workers or speculators is also claimed to be far from reality. Women account for 42% of new digital asset holders. Approximately a quarter of all holders have an annual income of less than $75,000, and the proportion of workers in construction and manufacturing exceeds 21%.

Alderoty emphasized that the passage of the US cryptocurrency market structure bill does not signify congressional support for specific cryptocurrencies. He explained that the bill aims to establish consumer protection standards and promote innovation.

[Key Summary of the Article]

-67 million American adults hold digital assets, with 12 million new users added in the past year.

-Women account for 42% of new digital asset holders, and workers in construction and manufacturing exceed 21% of all holders.

-Stuart Alderoty emphasized that the US cryptocurrency market structure bill is a system for consumer protection standards and innovation.

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