With digital asset investment products experiencing the largest weekly outflow of 2023, institutional investors may have been nervous about crypto as a result of the United States’ regulatory crackdown. Digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year. SEC’s ‘War on Crypto’ Results In Massive Digital Asset Outflows As the Securities and Exchange Commission intensifies what industry analysts have dubbed its war on crypto, the outflow follows a massive U.S. crackdown on the digital asset industry that has targeted stablecoins, staking services, and crypto custody. CoinShares analyst James Butterfill added that outflows The post Regulators Crack Down on Digital Assets, Causing Outflows of $32M appeared first on Cryptoknowmics-Crypto News and Media Platform .
