After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the CNBC All-America Economic Survey finding a majority favoring strong regulation.
The survey shows 43% of the public with a negative view of cryptocurrencies, up from 25% in March. The percentage with a positive view plummeted to just 8% from 19%, and those who are neutral fell almost in half to 18% from 31%.
Crypto.com CEO Kris Marszalek revealed that he co-founded a consumer electronics company called Starline in 2004. In 2009, the company went through a forced liquidation and ended up owing $2.5 million to the bank. He fully paid the debt by 2012 with the money he earned from an e-commerce business he started after Starline.