Ripple\u2019s Chief Legal Officer Stuart Alderoty has criticized Politico over its interpretation of a recent opinion poll, where the publication framed support for crypto legislation as \u201conly 27%,\u201d arguing that the figure actually represents 67 million American adults who already own digital assets.<\/p>\n
According to him, that same percentage cited as a sign of weak public backing for crypto regulation reflects one of the country\u2019s biggest voter groups, therefore challenging the idea that crypto supporters are a niche audience.<\/p>\n
In a July 6 opinion piece on RealClearMarkets, Alderoty argued<\/a> that the 27% from the Politico survey was about the same number as that quoted<\/a> in the National Cryptocurrency Association\u2019s 2026 State of Crypto Holders Report of 1 in 4 adults who own crypto in the country. That translates to about 67 million people.<\/p>\n \u201cThe framing of \u2018only 27 percent\u2019 treats a quarter of the American adult population as a rounding error,\u201d Alderoty wrote. \u201cThat is a mistake. Sixty-seven million people are not asking Washington to do them a favor. They are asking their government to do its job.\u201d<\/p>\n He pointed out that the number that had joined crypto in the past year, about 12 million per the NCA\u2019s report, was as big as the combined populations of New York City and Los Angeles, moving the ratio from last year\u2019s 1 in 5 to the current 1 in 4.<\/p>\n He also noted the demographic changes stated in the 2026 industry study, saying 42% of new holders are women, which pushed female ownership up by 10% year over year. That growth alone, in his opinion, makes it difficult to dismiss the industry as politically insignificant.<\/p>\n According to Politico, 45% of Americans believe<\/a> digital currencies are not worth the risk, while 25% considered it worthwhile. Only 9% of respondents said they would trust a crypto platform over traditional banks with their money, compared to 47% who were in support of the traditional financial institutions.<\/p>\n But Alderoty claimed that those findings did not suffice as evidence of public rejection.<\/p>\n \u201cA majority of Americans think the stock market is risky\u2026Risk aversion is not the same as rejection,\u201d he explained, adding that \u201c69% of holders say they trust crypto, a higher share than the 65% who say the same of traditional banking.\u201d<\/p>\n The debate comes as the CLARITY Act missed the White House\u2019s July 4 signing target, leaving lawmakers with limited time before the August recess to complete work on the crypto market structure legislation.<\/p>\n As CryptoPotato<\/em> reported previously, the Senate Banking Committee approved<\/a> the measure in a 15-9 vote on May 14, but the bill still requires a full Senate vote and must be reconciled with a separate legislation advanced by the Senate Agricultural Committee before any version can move to the House and finally reach President Donald Trump\u2019s desk.<\/p>\n The post Ripple CLO Stuart Alderoty: 67 Million Crypto Owners Are Not a \u2018Rounding Error\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s Chief Legal Officer Stuart Alderoty has criticized Politico over its interpretation of a recent opinion poll, where the publication framed support for crypto legislation as \u201conly 27%,\u201d arguing that the figure actually represents 67 million American adults who already own digital assets. According to him, that same percentage cited as a sign of weak […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-194143","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/194143"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194143"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/194143\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=194143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=194143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}CLARITY Act Talks Continue<\/h2>\n