📣 Coinbase rings alarm bells over the talent drain in the US crypto scene! 🧑‍💻📉

• US-based crypto developers are down 14 points in 5 years, now at a mere 26%. Big bosses at Fortune 500 firms see this talent shortage as a bigger hurdle to crypto adoption than regulatory issues.

• Meanwhile, small businesses are on the hunt for crypto-savvy folks for their IT, finance, and legal teams. They believe crypto can tackle financial woes like processing time and transaction fees.

• Despite the talent dip, the US is buzzing with on-chain projects. Web3 initiatives by Fortune 100 companies have shot up by 39%!

• Post the approval of a spot Bitcoin ETF, assets under management have soared past $63 billion.

• Senator Cynthia Lummis warns that the Biden administration's strict stance on Bitcoin could drive the industry overseas. She urges for a more welcoming environment for domestic growth.

• Payment giants PayPal and Stripe are making stablecoins more accessible. Stripe now accepts USDC payments that auto-convert to fiat. PayPal supports fee-free cross-border transfers across 160 countries.

• 48% of F500 execs believe crypto can boost access to financial systems.

Let's chat! 🗨️ What's your take on the talent drain and the future of crypto in the US? #CryptoChat #CoinbaseReport