US Embraces Cryptocurrency to Reinforce Global Leadership in FinTech Innovation
The US is embracing cryptocurrency to maintain its leadership in FinTech innovation, with a majority of pro-crypto members in the incoming government. Bitcoin may be considered as a solution to the national debt crisis, leading to the US becoming the first developed economy to have a strategic bitcoin reserve. Institutional adoption of cryptocurrency is on the rise in the US, with institutions accounting for 70% of all crypto activity in the region. The crypto market is expanding with institutional investors turning their attention to Bitcoin and retail investors driving growth in meme coins and DeFi narratives. This marks a shift away from the traditional retail/institutional binary and highlights the maturity of the space.
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