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January 20, 2022
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Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices – Regulation Bitcoin News

Institutional traders are optimistic concerning the U.S. Securities and Exchange Commission (SEC) having extra energy to regulate the crypto market, a current survey reveals. They imagine that if the SEC is granted further powers, the costs of cryptocurrencies might be positively impacted.

What Institutional Investors Think About Crypto

Nickel Digital Asset Management, a regulated European digital asset hedge fund supervisor, lately launched a report on the institutional adoption of crypto belongings.

The report features a survey and interviews with 50 wealth managers and 50 institutional traders throughout the U.S., the U.Ok., Germany, France, and the United Arab Emirates (UAE). They collectively handle round $108.4 billion.

The report explains that safety considerations prime the checklist of why institutional traders are skeptical about investing in crypto belongings. According to the survey outcomes, 79% of all respondents see asset custody as the important thing consideration for investing within the crypto area. The report additional notes:

This was adopted by 67% who stated price volatility, 56% who cited market cap, and 49% who stated the regulatory atmosphere.

“Further 12% included the carbon footprint from Bitcoin and other cryptocurrencies in their top three reasons for not investing,” the report provides.

Respondents have been additionally requested about crypto regulation. SEC Chairman Gary Gensler has known as on Congress to present the SEC with extra energy to regulate crypto exchanges and actions akin to buying and selling and lending.

The majority of respondents are optimistic concerning the prospect of the SEC being empowered with extra authority to regulate crypto belongings. Among them, 76% count on this might be granted this yr.

The report detailed:

If the SEC is granted these further powers, 73% of institutional traders and wealth managers imagine it will have a constructive affect on the price of crypto and digital belongings and 32% imagine it can have a really constructive impact.

Tags on this story
fund managers, institutional adoption, institutional adoption bitcoin, institutional adoption crypto, institutional traders, institutional traders survey, establishments, Nickel Digital Asset Management, SEC, Securities and Exchange Commission, wealth managers

Do you suppose the SEC ought to have extra energy to regulate the crypto area? Let us know within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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