PANews reported on March 12 that according to the "2025 Airdrop Status Report" released by Dragonfly Research, airdrops, as an important growth engine for the crypto industry, have distributed tokens worth more than $26.6 billion. However, due to regulatory uncertainty, U.S. users and businesses were excluded and suffered huge losses. Data shows that about 5.2 million crypto users in the United States are unable to participate in airdrops due to geographical restrictions. Only 12 major projects have caused revenue losses of $1.84 billion to $2.64 billion. Extending to more projects, this figure is as high as $3.49 billion to $5.02 billion.

In addition, the US government also lost $418 million to $1.1 billion in federal taxes and $107 million to $284 million in state taxes due to airdrop restrictions. For example, Tether made a profit of $6.2 billion in 2024, but due to its offshore operations, the United States missed out on $1.6 billion in corporate taxes. The report pointed out that if the United States fails to provide regulatory clarity as soon as possible, innovation will continue to shift overseas, and American users and companies may continue to lag behind in the global market.