Survey: 90% of institutional investors surveyed agree with the US SEC's "enforcement supervision" approach to the encryption industry

Odaily Planet Daily News A survey released by Nickel Digital Asset Management on Tuesday showed that 92% of institutional investors and wealth management institutions believe that the US SEC's "enforcement supervision" approach is the best path for the development of the encryption industry. Additionally, around 90% of respondents believe that the SEC’s recent actions against Coinbase and Binance will ultimately contribute positively to the development of the digital asset industry. “Improved regulation is critical if the digital asset industry is to continue its recent strong performance and become mainstream in investing,” Nickel Digital CEO Anatoly Crachilov said in a statement. The research, commissioned by Nickel Digital and conducted by market research firm Pureprofile in July 2023, is based on the opinions of 200 institutional investors and wealth managers from the US, UK, Germany, Singapore, Switzerland, Brazil and the UAE. (Blockworks)