Galaxy's Managing Director: Large institutional investments have become very cautious due to regulatory pressures.

BlockBeats reported on September 14th that during the "Institutionalization of Digital Assets" panel at Token2049 in Singapore, Chris Rhine, the Managing Director of Galaxy, stated that there are currently some differences between the East and the West, largely due to the more hostile regulatory approach taken by the United States. Of course, there are also some countries that work closely with the United States and are concerned that regulatory pressures may seep into other regions. Therefore, institutional capital investment has always been very cautious, especially when it comes to reputation and regulatory risks. As previously mentioned regarding family offices, high net worth individuals may have only one or a few sponsors, and the decision-making process is relatively simple. If it doesn't work, you're not a listed company, nor do you have a large number of clients, and it will be hidden in a wider investment portfolio. However, they believe that the risk of large institutional investors making mistakes is still too high. So what we need to see is further development and progress in US regulation and even political frameworks. With this progress, I believe that even US allies will begin to ease their own concerns and consider incorporating these views into their own frameworks.