40% of Americans would use DeFi with laws in place: Crypto lobby poll

A DeFi Education Fund survey found 42% of Americans would try DeFi if proposed laws were passed, as many respondents signalled a low trust in traditional finance.

More than 40% of Americans are open to using decentralized finance (DeFi) protocols if proposed legislation is made law, according to a recent survey. 

Crypto lobby group the DeFi Education Fund (DEF) found in a survey released on Thursday that many Americans “are curious about DeFi” as respondents signalled a low trust in the traditional finance system.

The survey was conducted by Ipsos between Aug. 18 and 21, with 1,321 US adults polled. Ipsos Public Affairs vice president Alec Tyson said the study found “emerging awareness of cryptocurrency and decentralized finance as many Americans express frustrations with current financial institutions’ ability to deliver security, personalized control and flexibility.”

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