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Crypto Won in Washington, But Mainstream Users Still Aren’t Buying

Washington may finally be crypto-friendly, but first-time users remain far more concerned about security, familiarity and ease of use.

For years, the crypto industry had a ready-made explanation for weak mainstream adoption: Washington. Executives pointed to a hostile SEC, an absent rulebook, regulatory uncertainty and an enforcement regime that often treated the whole sector as presumptively fraudulent. The story was convenient enough that much of the public, and many investors, accepted it. 

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However, there’s no denying that this excuse is no longer viable. The GENIUS Act is federal law, the SEC has dropped several of its marquee enforcement cases and the CLARITY Act has cleared the House and is advancing through the Senate. By almost any measure, this is the most favorable regulatory environment the crypto industry has ever operated within. 

But the buyers that policy shift was meant to convert still have not arrived, and what holds them back has never been a problem of regulation alone but a problem of trust—the kind no rulebook can give a first-time buyer.

Ask the people who never bought

For all the industry noise about hostile regulators, the people who never bought crypto have never been shy about their reasons for staying away, and almost none of those reasons involve securities law. 

Ask two thousand of them, as a Harris poll for the National Cryptocurrency........

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