US Senators Want Institutions to Access Crypto Market

Reading Time: < 1 minute

Canadian entrepreneur Kevin O’Leary has recently announced a group of US senators is developing a document that opens access to the crypto market for institutional investors. He has said:

“Spent the day in the Senate, met with a bipartisan group of politicians who understand virtual currencies. They are working to create regulations that will open digital asset markets to institutions.”

Kevin has noted all legislators see the huge potential of the crypto industry, so he predicts the adoption of a regulatory act. O’Leary calls the pace of development of the Bitcoin, Ethereum and Polygon blockchains “phenomenal” and predicts capital inflows into the digital assets industry from around the world.

Although specific information about the bill has not been disclosed, Senator Cynthia Lummis has hinted big changes are coming, and she is optimistic about the future of the virtual currency market.

Kevin has said that a lot of institutions are waiting for the opportunity to buy Bitcoins and other coins.