Financial advisers are hesitant to recommend cryptocurrency to clients due to regulatory uncertainty and fear of SEC enforcement. Although many advisers personally invest in crypto, they are restricted from allocating it to client accounts. The lack of regulatory clarity is frustrating for advisers, but the crypto asset class remains a global investment opportunity unaffected by SEC actions.

Regulatory clarity is expected to come with upcoming legislation that limits the power of the SEC and its leader's efforts in the crypto industry. Additionally, the predicted rise in bitcoin's price may reignite interest in the market and resolve some economic and geopolitical concerns. Stay informed on the latest crypto news by subscribing to Blockworks' newsletter or following them on Telegram and Google News.