A well-known businessman explained the reluctance of investors to buy cryptocurrency

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p>Clearer regulation contributes to increased demand for <strong>digital assets<&sol;strong> among large investors&comma; according to <strong>Kevin O&&num;8217&semi;Leary<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Venture capitalist and businessman <strong>Kevin O&&num;8217&semi;Leary<&sol;strong>&comma; in an <a href&equals;"https&colon;&sol;&sol;blockworks&period;co&sol;kevin-oleary-bitcoin-etf-wont-be-approved-until-at-least-2023&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">interview <strong>with Blockworks<&sol;strong><&sol;a>&comma; named the main reason why institutional investors are in no hurry to <strong>buy cryptocurrency<&sol;strong>&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to <strong>O&&num;8217&semi;Leary<&sol;strong>&comma; large <strong>investors<&sol;strong> are not confident that <strong>digital assets<&sol;strong> will meet regulatory requirements&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The infrastructure bill was also a &&num;8220&semi;lost opportunity&comma;&&num;8221&semi; according to the entrepreneur&comma; because modifications to exempt producers of hardware wallets&comma; <strong>cryptocurrency <&sol;strong>transaction validators&comma; node operators&comma; and other <strong>crypto market<&sol;strong> players from tax control were not passed&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to <strong>O&&num;8217&semi;Leary<&sol;strong>&comma; clearer regulation is helping to increase demand for <strong>cryptocurrency <&sol;strong>among institutions&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The businessman believes that the <strong>US Securities and Exchange Commission<&sol;strong> &lpar;SEC&rpar; will not approve the release of <strong>Bitcoin ETF <&sol;strong>in 2022&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to <strong>O&&num;8217&semi;Leary<&sol;strong>&comma; the regulator will be slow to review applications for the issue of a <strong>cryptocurrency<&sol;strong>-based exchange-traded fund&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The SEC is currently considering applications from <strong><a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;06&sol;29&sol;ark-invest-has-applied-to-create-a-bitcoin-etf-in-the-us&sol;">ARK Invest<&sol;a><&sol;strong> &comma; <strong><a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;05&sol;26&sol;one-river-applies-to-create-the-first-green-bitcoin-etf&sol;">One River<&sol;a><&sol;strong> &comma; <strong>VanEck <&sol;strong>and <strong>Fidelity <&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;