Investors in the digital currency ecosystem have various reasons to inject their capital into the emerging industry and the current crackdown by the United States Securities and Exchange Commission (SEC) is one of the main drivers for investors according to a report recent. Bloomberg survey.

The results of the latest MLIV Pulse survey showed that of the 564 respondents, as many as 60% said that the crackdown presents a positive impetus for investing in the industry. The SEC has not slowed down in its enforcement actions of late, having launched lawsuits against crypto companies, employees, and even celebrities who have broken the law.

In one of its most high-profile actions, the SEC charged reality TV superstar Kim Kardashian with failing to disclose her earnings from promoting EthereumMax (EMAX) tokens, considered a security by the regulator. When the accusation was filed against her, Kim Kardashian agreed to pay all fines worth $1.26 million without admitting or denying any wrongdoing.

According to the survey, around 65% of retail investors say they are more likely to invest in the industry with more execution measures, a figure that compares with 56% of professional investors.

“I’m in the ‘yes’ camp. As a professional investor, you need a regulated investment opportunity and it opens the doors for more professional investors to get involved in crypto, if it is more regulated,” said Chris Gaffney, president of global markets at TIAA Bank. “The more they can get crypto out of the Wild West and into traditional investing, the better it is.”

The rate of fraud and cybercrime in the industry is growing at a frantic rate and the fact that developers in the cryptocurrency industry have a watchdog to hold them accountable will help drive additional due diligence that can ensure users peace of mind. investors in all areas.

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