Odaily News: A survey conducted by Nickel Digital Asset Management on Tuesday revealed that 92% of institutional investors and wealth management firms believe that the "enforcement regulation" approach taken by the U.S. SEC is the best path for the development of the cryptocurrency industry.

Furthermore, approximately 90% of respondents believe that the recent actions taken by the SEC against Coinbase and Binance will ultimately make a positive contribution to the development of the digital asset industry.

Anatoly Crachilov, CEO of Nickel Digital, stated in a declaration, "Improving regulation is crucial if the digital asset industry is to continue its recent strong performance and become mainstream for investment."

This research was commissioned by Nickel Digital and conducted by market research company Pureprofile in July 2023. It is based on the opinions of 200 institutional investors and wealth management firms from the United States, United Kingdom, Germany, Singapore, Switzerland, Brazil, and the United Arab Emirates (Blockworks).