Advertise
- Nidhi Kolhapur
Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Reviewed by:
Zafar Naik - Sep 18, 2025 11:18 UTC
-
Americans Are Turning to Crypto and DeFi as Trust in Banks Drops: Research
Recent survey reveals 40% Americans would try Defi if legislation made it accessible
Less than 50% feel the financial system meets their needs
56% of Americans want full control of their money
A new study by the Defi Education Fund, conducted with Ipsos, shows that many Americans are frustrated with traditional banks. People want full control over their money and the ability to transact directly with others without relying on the “middleman”.
At the same time, there is excitement about crypto and DeFi as tools that could make finance fairer, more affordable, and safer.
The research reveals that crypto is reaching a wide range of Americans.
Nearly 18% have owned or used crypto, and 22% are curious to learn more about nontraditional finance like blockchain, crypto, or DeFi. This interest reaches across all age groups, races, genders, and education levels.
Rising Interest In DeFi
Many Americans are curious about DeFi as it could offer better security and lower transaction fees
Around 42% said they would try DeFi if new laws made it easier to access. 40% of Americans would likely try out DeFi and among these potential users, 84% would use DeFi for online purchases, 78% for paying bills, and 77% for saving money.
Despite this interest, only 12% said they are very or extremely interested in learning about DeFi. Almost 4 in 10 Americans believe DeFi could help reduce high transaction and service fees that are common in the current financial system.
Crypto Policy In Focus
This comes as lawmakers and industry leaders are actively shaping crypto policy.
Fox Journalist Eleanor Terrett shared that crypto leaders from IOHK, Ripple, a16z, Kraken, Coinbase, Multicoin, Paradigm, and Circle recently met at the Banking GOP roundtable.
- Also Read :
- Crypto News Today [Live] : Nvidia Stock, Bitcoin Price, Ethereum Price, XRP News and More
- ,
The 90-minute meeting focused on refining language in the market structure draft.
Previously, at the June DeFi roundtable, SEC Chair Paul Atkins emphasized that American values like freedom, private property rights and innovation are in the “DNA of the DeFi”. The SEC is also exploring an “innovation exemption” to bring blockchain-based products to market faster.
Why Are Banks Losing Public Trust?
The survey shows limited confidence in banks. Less than half of Americans feel the financial system meets their needs, and only 25% believe it is designed to benefit ordinary people. Trust in banks is low, with just 40% trusting large national banks and 43% trusting regional or community banks.
Americans want more control over their finances. About 56% want full control of their money, and over 51% want the ability to send money digitally without a third party. This desire is especially strong among foreign-born Americans.
Security is another major concern. Only 29% feel the U.S. financial system is secure, while 54% want complete control over their personal and financial data.
This trend could power the next wave of crypto adoption.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
About 18% have owned or used crypto, while 22% are interested in learning more about blockchain, crypto, and DeFi.
People want lower fees, stronger security, and full control of their money. Many believe DeFi can reduce costs and improve fairness in finance.
Around 42% would consider DeFi if laws supported it, with many willing to use it for online shopping, bill payments, and saving money.
Yes 
No 
