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

Institutional investors are optimistic that the US Securities and Exchange Commission (SEC) has more power to regulate the crypto market, a recent survey shows. They believe that if additional powers are granted to the SEC, cryptocurrency prices will be positively affected.

What Institutional Investors Think About Cryptocurrencies

Nickel Digital Asset Management, a regulated digital asset hedge fund manager in Europe, recently published a report on institutional adoption of crypto assets.

The report includes a survey and interviews with 50 wealth managers and 50 institutional investors in the US, UK, Germany, France, and the United Arab Emirates (UAE). They collectively manage about $ 108.4 billion.

The report explains that security concerns top the list of why institutional investors are skeptical about investing in crypto assets. According to the survey results, 79% of all respondents view asset custody as the key consideration for investing in the crypto space. The report further notes:

This was followed by 67% who said price volatility, 56% who mentioned market capitalization and 49% who said the regulatory environment.

“Another 12% included the carbon footprint of Bitcoin and other cryptocurrencies among their top three reasons not to invest,” the report adds.

Respondents were also asked about crypto regulation. SEC Chairman Gary Gensler has asked Congress to give the SEC more power to regulate crypto exchanges and activities like trading and lending.

Most respondents are optimistic that the SEC may have more authority to regulate crypto assets. Among them, 76% expect it to be awarded this year.

The report details:

If these additional powers are granted to the SEC, 73% of institutional investors and wealth managers believe this will have a positive impact on the price of digital and crypto assets and 32% believe it will have a very positive effect.

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fund managers, institutional adoption, institutional bitcoin adoption, institutional crypto adoption, institutional investors, survey of institutional investors, institutions, Nickel Digital Asset Management, SEC, Securities and Exchange Commission, wealth managers

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

Kevin helms

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

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