Coinbase’s latest report reveals that more than half of the Fortune 100 companies in the US have embraced cryptocurrency, blockchain, and web3 technologies, signaling a growing trend despite regulatory challenges. These companies recognize the need to modernize and stay relevant in the global economy. The report also shows that 83% of surveyed Fortune 500 executives have existing initiatives or plans related to cryptocurrency or blockchain. Over 52% of Fortune 100 companies have pursued crypto, blockchain, or web3 initiatives since 2020, with sectors like technology, financial services, and retail leading the way. Fortune 100 companies have also invested in private venture capital rounds for startups in the crypto and blockchain space, totaling over $8 billion. The report highlights the increasing interest in these technologies but emphasizes the importance of regulatory clarity. Additionally, other firms outside of the Fortune 100 companies have also made strides in adopting crypto and blockchain technologies, including partnerships, listings, and plans for bitcoin ETFs. However, the US regulatory environment remains uncertain, with some criticism directed towards the SEC for its actions against Coinbase.
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