PANews reported on June 10 that according to The Block, the latest "Crypto Industry Status" report released by Coinbase shows that about 60% of Fortune 500 companies are promoting blockchain-related plans, and nearly 20% regard on-chain technology as the core of their long-term strategy, a year-on-year increase of 47%. In addition, more than 80% of institutional investors plan to further increase their allocation of crypto assets this year.

The report pointed out that encryption adoption is accelerating its penetration into small and medium-sized enterprises (SMBs). More than 80% of the SMBs surveyed believe that cryptocurrencies can alleviate their financial pain points such as invoice management and accounts receivable; 46% of companies that have not yet connected to encryption plan to introduce blockchain within three years.

Coinbase emphasized that the United States urgently needs to pass key legislation including the GENIUS Stablecoin Act and the CLARITY Market Structure Act to clarify industry regulation and unleash innovation potential.