The thorough analysis and several investigations that the US Securities and Exchange Commission (SEC) has launched on notorious crypto-related entities seem to be working out for the industry so far.
60% of the respondents in a recent survey said they are more likely to enter the digital asset ecosystem after seeing how the regulator interacted with several troubled firms, including Celsius Network, Three Arrows Capital (3AC), and Yuga Labs.
Investors Fond of the SEC’s Approach
According to the latest MLIV Pulse study, 60% of the 564 participants favor the SEC’s stringent interventions toward problematic cryptocurrency firms. Despite the market’s decline, the watchdog’s actions have sparked an increased interest in the digital asset sector.
Chris Gaffney – President of World Markets at TIAA Bank – described himself as a professional investor and a supporter of the crypto industry. In his view, additional regulations could make the asset class even more attractive to average consumers:
“The more they can get crypto out of the Wild West and into traditional investing, the better off it’s going to be.”
The poll participants also commented on bitcoin’s close correlation to risk-on assets and the stock market index S&P 500. 42% think the trend will remain for the next 12 months, while 43% believe this will change and plan to increase their exposure to digital currencies over the same period.
In September, Ethereum shifted from the…
