SEC pressure making crypto more appealing to investors
Join Our Telegram channel to stay up to date on breaking news coverage Market participants report that they are more likely to invest in the field following increased enforcement action by the US Securities and Exchange Commission and other watchdogs who have been looking into crypto’s naughtiest companies . Nearly 60% of the 564 participants in the most recent MLIV Pulse survey said they thought the recent wave of legal actions in the cryptocurrency space was a good sign for the asset class, whose renowned volatility has all but disappeared recently. Significant interventions include the US regulatory probes of the defunct cryptocurrency companies Celsius Network and Three Arrows Capital, as well as the SEC inquiry into Yuga Labs, the company that developed the nonfungible tokens (NFTs) known as the Bored Ape collection. “I support the ‘yes’ side. If cryptocurrency is more regulated, more professional investors will be able to invest in it because you ...