Growing curiosity in decentralized finance reflects frustration with traditional banking
A new survey reveals that more than 40% of Americans are open to trying decentralized finance (DeFi) if Congress passes legislation providing clear regulatory guidelines. The findings highlight both a growing awareness of crypto-based alternatives and widespread dissatisfaction with the traditional banking system.
Americans show interest in DeFi under legal clarity
The poll, conducted in late August with over 1,300 U.S. adults, found that 42% said they would be likely to use DeFi if new laws were enacted. Of that group, 9% described themselves as “extremely or very likely,” while 33% said they were “somewhat likely” to explore the sector.
Respondents also pointed to practical uses, with 84% saying they would use DeFi for online purchases, signaling potential mainstream adoption if the regulatory landscape stabilizes.
Trust in traditional finance remains low
The survey highlighted low trust in banks and traditional finance (TradFi). Fewer than half of respondents believe the U.S. financial system meets their needs, while only a quarter said they think it benefits ordinary people.
Security concerns were also evident. Only 29% of Americans believe the financial system is secure today, and nearly three-quarters agreed that it needs upgrades to combat threats such as cybercrime and artificial intelligence.
Why Americans are curious about DeFi
Survey data suggests that lower fees, stronger security, and greater control over personal money are the top reasons people are interested in DeFi. Nearly 40% of participants said decentralized finance could help address high transaction and service fees charged by banks.
With Congress actively reviewing bills that would define the legal status of cryptocurrencies and DeFi platforms, the poll shows Americans are ready to embrace alternatives to the traditional system once regulatory clarity is in place. For now, DeFi remains a relatively small market with roughly $160 billion locked in protocols, but the appetite for change is clearly growing.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.