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Institutional Investors Say That With More Power To Regulate Crypto, The SEC Will Raise Prices – Regulating Bitcoin News

Institutional investors are optimistic that the US Securities and Exchange Commission has more powers to regulate the crypto market, a recent survey shows. They believe that if the SEC is given additional powers, the prices of cryptocurrencies will be positively affected.

What institutional investors think about crypto

Nickel Digital Asset Management, a regulated European hedge fund manager for digital assets, recently published a report on the institutional adoption of crypto assets.

The report includes a survey and interviews with 50 asset managers and 50 institutional investors in the US, UK, Germany, France and the United Arab Emirates (UAE). Together they manage around $ 108.4 billion.

The report explains that security concerns are high on the list why institutional investors are skeptical about investing in crypto assets. According to the survey results, 79% of all respondents see the safekeeping of assets as the most important aspect for investing in the crypto space. The report further states:

It was followed by 67% who cited price volatility, 56% the market capitalization and 49% the regulatory environment.

“Another 12% said the carbon footprint of Bitcoin and other cryptocurrencies was one of the top three reasons not to invest,” the report added.

The respondents were also asked about crypto regulation. SEC Chairman Gary Gensler has urged Congress to give the SEC more powers to regulate crypto exchanges and activities such as trading and lending.

The majority of respondents are optimistic that the SEC will be given more powers to regulate crypto assets. Among them, 76% expect this to be granted this year.

The report details:

If the SEC is given these additional powers, 73% of institutional investors and asset managers believe it will have a positive effect on the price of crypto and digital assets, and 32% believe it will have a very positive effect.

Tags in this story

Fund Manager, Institutional Adoption, Bitcoin Institutional Adoption, Crypto Institutional Adoption, Institutional Investors, Institutional Investor Survey, Institutions, Nickel Digital Asset Management, SEC, Securities and Exchange Commission, Asset Managers

Do you think the SEC should have more power to regulate the crypto space? Let us know in the comment section below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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