U.S. senators want to open access to crypto market for institutions

Canadian businessman Kevin O’Leary said that a group of US senators was creating a document that opens access to crypto market for institutional investors.

U.S. senators want to give institutions access to the crypto market

“I spent a day in the Senate meeting with a bipartisan group of politicians who understand virtual currencies. “They are working to create regulatory measures that will open up the digital asset market to institutions,” O’Leary said.

Kevin noted that all lawmakers see the huge potential of the crypto sector, so he predicts the adoption of a regulatory law. O’Leary calls the pace of development of the BTC, ETH and Polygon blockchains “phenomenal” and predicts capital inflows into the digital asset industry around the world.

The details of the bill were not made public, but Senator Cunthia Lummis indicated that a big change was coming and the future of the virtual currency market was optimistic.

According to Kevin, many institutions are waiting to buy BTC and other coins because their corporate governance departments do not yet allow it. O’Leary expects BTC to skyrocket over the next three years, especially if the US authorities pass legislation.