According to ChainCatcher, Coinbase released a report stating that the number of cryptocurrency developers in the United States has dropped significantly, down 14 percentage points in the past five years, and currently only accounts for 26%. Fortune 500 executives expressed concerns about the shortage of credible talent, believing that this poses a greater obstacle to the adoption of cryptocurrencies than regulatory issues.
Therefore, Coinbase believes that it is necessary to clarify the relevant rules and regulations for cryptocurrencies in order to keep developers in the United States.