Could the SEC proposal lead to a decrease in the number of advisers in the cryptocurrency space?

3 answers

• Dec 25, 2021 · 3 years ago
  The SEC proposal has the potential to decrease the number of advisers in the cryptocurrency space. If the proposal imposes stricter regulations and compliance requirements on advisers, it may deter some individuals and firms from entering or continuing to operate in the industry. This could lead to a decrease in the overall number of advisers available to cryptocurrency investors.
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• Dec 25, 2021 · 3 years ago
  Absolutely! The SEC proposal could scare off many advisers who are not willing to comply with the new regulations. It might make the barrier to entry higher for new advisers, and some existing ones might choose to exit the market. This could result in a decrease in the number of advisers in the cryptocurrency space.
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• Dec 25, 2021 · 3 years ago
  According to BYDFi, the SEC proposal might indeed lead to a decrease in the number of advisers in the cryptocurrency space. The proposal aims to enhance investor protection and ensure regulatory compliance, which could make it more challenging for some advisers to operate in the industry. However, it's important to note that this could also lead to a higher quality pool of advisers who are committed to meeting the new regulatory standards.
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