Alderoty: Crypto Ownership Far More Mainstream Than Critics Suggest

Ripple executive Brad Alderoty is pushing back against stereotypes about cryptocurrency ownership. He argues that the industry's user base is far more diverse than its critics tend to believe.

According to Alderoty, roughly 67 million Americans currently hold digital assets. This number suggests that the label 'crypto boys' misrepresents the millions of people who own cryptocurrencies.

Furthermore, he states that about one-third of U.S. crypto owners are women. What's striking is that more holders are over the age of 55 than under 25.

Alderoty described these individuals as 'teachers, construction workers, veterans, nurses, parents, and small business owners.' He made these comments in response to a Wall Street Journal Opinion editorial criticizing the Senate's proposed CLARITY Act. The editorial acknowledged that the legislation would provide long-awaited regulatory certainty but raised concerns over certain provisions.