Though U.S. adults report that they were less likely to purchase or sell crypto in the last year, everyday usage of crypto and new product launches in Latin America continues unabated.
Crypto firms operating in the United States face a foggier environment. After the collapse of FTX sent crypto markets reeling, politicians quickly distanced themselves from crypto companies. U.S. regulators, who have been accused of not taking a firm stance on how crypto assets should be regulated, have made recent moves to penalize some of the industry’s biggest players.
After the collapse of FTX, cryptocurrencies have become a touchy subject in American policy and political circles, while global trust in crypto assets has plummeted. Latin American countries still see a future for crypto as both legal tender and as a reliable form of payment, especially among crypto owners in those nations.