Coinbase Highlights Decline in US Crypto Talent, Calls for Regulatory Clarity

The post Coinbase Highlights Decline in US Crypto Talent, Calls for Regulatory Clarity appeared first on Coinpedia Fintech News

Coinbase has recently raised concerns over the declining crypto talent in the US, emphasizing the importance of regulatory certainty to ensure the retention of skilled individuals in the country. After surveying top corporations, the survey of Fortune 500 companies revealed a 14-point drop in the developer share over the past five years, despite an increase in the number of top companies moving on-chain. As of May 2024, only 26% of crypto developers are US-based. The survey highlighted that the lack of skilled developers significantly impacts companies’ ability to leverage blockchain technology fully. Leaders call for clear regulatory guidelines to foster innovation and attract and retain talent in the US.