How Cryptocurrency Airdrops Could Have Brought $2.64B to US Investors

user avatar

by Giorgi Kostiuk

2 years ago

From 2020 to 2024, many US cryptocurrency users were excluded from participating in significant airdrops due to strict regulations. This led to significant economic losses for both investors and the state.

Airdrops: Missed Opportunities

Between 2020 and 2024, at least 11 major airdrops distributed $7.16 billion to 1.9 million claimants globally. Because of US regulations, many users were excluded from this opportunity, resulting in potential lost earnings between $1.84 billion and $2.64 billion.

Government Tax Revenue Losses

While hundreds of thousands of investors missed out on earnings, the federal government lost between $525 million and $1.38 billion in potential taxes. These figures do not account for additional capital gains taxes that could have been garnered when tokens were eventually sold.

Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.David Sacks

Broader Context of Crypto Regulation

With increasing pressure from regulators, many crypto projects have ceased offering airdrop opportunities to US citizens. This phenomenon is part of the broader context of complex relations between the cryptocurrency industry and the state, illustrating missed economic opportunities.

Potential earnings from airdrops have been inaccessible to American investors due to strict regulations. Losses have impacted both individuals and the government budget, highlighting the need to adapt and rethink approaches to cryptocurrency regulation in the US.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

DTCC Launches Tokenization Service to Enhance Blockchain Infrastructure

The Depository Trust Company (DTCC) has launched a tokenization service to enhance blockchain infrastructure, allowing the movement of eligible assets between traditional and tokenized environments.

user avatarBayarjavkhlan Ganbaatar

CFTC Takes Legal Action Against Utah to Protect Kalshi

CFTC files lawsuit against Utah to block enforcement actions against Kalshi, a prediction market platform.

user avatarElias Mukuru

Utah Charges Kalshi and Co-Founders with Illegal Gambling Promotion

Utah has filed criminal charges against KalshiEX LLC and its co-founders for illegally promoting gambling in the state.

user avatarMohamed Farouk

Arbitrum's Network Fees Remain Stable Amid Increased Activity

Arbitrum's daily user-paid fees remained stable at approximately 19,100 on October 28, despite an increase in active addresses, indicating a shift towards lower-cost interactions.

user avatarDiego Alvarez

Transaction Activity Increases but Lags Behind Wallet Growth

Transaction activity increased modestly to approximately 21 million on the Arbitrum network, despite a significant rise in active addresses, raising concerns about the sustainability of growth.

user avatarMaria Fernandez

Arbitrum Records Sharp Increase in Active Addresses

Arbitrum has recorded a sharp rise in daily active addresses, reaching approximately 109 million on October 28, marking a notable increase in blockchain activity.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.