Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices

Institutional investors are optimistic astir the U.S. Securities and Exchange Commission (SEC) having much powerfulness to modulate the crypto market, a caller survey shows. They judge that if the SEC is granted other powers, the prices of cryptocurrencies volition beryllium positively impacted.

What Institutional Investors Think About Crypto

Nickel Digital Asset Management, a regulated European integer plus hedge money manager, precocious released a study connected the organization adoption of crypto assets.

The study includes a survey and interviews with 50 wealthiness managers and 50 organization investors crossed the U.S., the U.K., Germany, France, and the United Arab Emirates (UAE). They collectively negociate astir $108.4 billion.

The study explains that information concerns apical the database of wherefore organization investors are skeptical astir investing successful crypto assets. According to the survey results, 79% of each respondents spot plus custody arsenic the cardinal information for investing successful the crypto space. The study further notes:

This was followed by 67% who said terms volatility, 56% who cited marketplace cap, and 49% who said the regulatory environment.

“Further 12% included the c footprint from Bitcoin and different cryptocurrencies successful their apical 3 reasons for not investing,” the study adds.

Respondents were besides asked astir crypto regulation. SEC Chairman Gary Gensler has called connected Congress to supply the SEC with much powerfulness to modulate crypto exchanges and activities specified arsenic trading and lending.

The bulk of respondents are optimistic astir the imaginable of the SEC being empowered with much authorization to modulate crypto assets. Among them, 76% expect this volition beryllium granted this year.

The study detailed:

If the SEC is granted these other powers, 73% of organization investors and wealthiness managers judge this volition person a affirmative interaction connected the terms of crypto and integer assets and 32% judge it volition person a precise affirmative effect.

Do you deliberation the SEC should person much powerfulness to modulate the crypto space? Let america cognize successful the comments conception below.

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