XRP News Today: Crypto Ownership Surges 20% Among US Adults, Survey Finds

Ripple's Chief Legal Officer, Stuart Alderoty, recently appeared on CNBC to discuss a comprehensive survey conducted by the NCAA in partnership with the Harris Poll, which sheds new light on the demographics of cryptocurrency holders in the United States. The study, described by Alderoty as the largest of its kind, aimed to understand the integration of digital assets into the daily lives of Americans.

The findings challenge many preconceived notions about who uses cryptocurrency. Contrary to popular stereotypes, the survey revealed that cryptocurrency ownership is widespread across all age groups, income levels, and professions. Over 55 million adults in the U.S. reported owning or using cryptocurrency, representing approximately one-fifth of the population. This data indicates that digital assets have moved beyond the early adopter phase and are now a part of the financial habits of everyday Americans.

Alderoty highlighted that XRP, Ripple's native cryptocurrency, is gaining traction among both institutional and retail investors. The survey found that more people over the age of 55 own crypto than those under 25, and nearly a third of all crypto holders are women. This diversity in ownership suggests that cryptocurrencies are becoming more mainstream and are no longer confined to a niche group of tech-savvy individuals.

The employment data from the survey also provided unexpected insights. Nearly as many crypto holders work in construction as in the tech industry, indicating that digital assets are being adopted by a broad spectrum of the workforce. Additionally, a significant portion of crypto ownership exists outside the high-income brackets, with 26 percent of crypto-owning households earning less than $75,000 per year. This challenges the notion that cryptocurrencies are exclusively for the wealthy or the financial elite.

The implications of this survey extend beyond demographics. With a clearer understanding of who uses cryptocurrencies, lawmakers and regulators may be influenced to shape policies that favor these investors. President Donald Trump's pro-crypto policies and appointees, such as SEC Chair Paul Atkins, could play a crucial role in creating a regulatory environment that supports the growing number of crypto users.

The survey's findings also underscore the desire among many Americans to build wealth through cryptocurrencies like XRP. This trend suggests that digital assets are becoming an integral part of the financial landscape, with potential long-term benefits for investors. As the use of cryptocurrencies continues to grow, it is likely that more studies and discussions will emerge, further shaping the future of digital assets in the United States.