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

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by Giorgi Kostiuk

a year 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.

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