In a report by Chris Kuiper, Research Director of Fidelity Digital Assets and Research Analyst Jack Neureuter, it was noted that as firms continue to innovate and grow the crypto industry, new regulations will certainly be necessary.
US politicians have also made various statements about the need for more oversight over the asset class.
Despite the increase in regulatory activity, crypto adoption by individual and institutional investors has also increased dramatically. According to CoinMarketCap data, the total market cap of cryptos reached $2 trillion, increasing 110% compared to the previous year. On November 9, 2021, its total market cap was $3 trillion.
Kuiper and Neuureuter expect corporate interest in DeFi to increase in 2022.