📣 Heads up, BTC enthusiasts! 🚀 Coinbase's recent report rings alarm bells over the dwindling crypto talent in the US, despite a surge in corporate interest. The US crypto developer pool has shrunk by 14 points over the last five years to a mere 26% today. 😲

Top Fortune 500 execs are worried about this talent shortage, viewing it as a bigger hurdle to crypto adoption than regulatory issues. Meanwhile, smaller businesses are on the hunt for crypto-savvy individuals to join their IT, tech, finance, and legal teams. 🧐

Coinbase emphasizes the need for regulatory clarity to retain this talent within the country. 📚 Despite the talent drain, the US is witnessing a boom in on-chain projects, with a 39% increase in Web3 initiatives by Fortune 100 companies. 🚀

The report also celebrates the approval of a spot Bitcoin ETF earlier this year, with assets under management for spot Bitcoin ETFs exceeding a whopping $63 billion! 💰

However, Senator Cynthia Lummis warns that the Biden administration's strict stance on Bitcoin and digital assets could drive the industry overseas, potentially jeopardizing America's leadership in financial innovation. 🌎

In other highlights, payment companies like PayPal and Stripe are making strides in making crypto, particularly stablecoins, more accessible. Stripe now allows merchants to accept USDC payments, which automatically convert to fiat. PayPal supports transaction-free cross-border transfers across 160 countries. 🌐

The report concludes that crypto can potentially increase access to financial systems, thus banking the underbanked and unbanked. But for this to happen, the US must take the lead in the crypto space. 🏁

Stay tuned for more updates, BTC fans! 🎉