VC Investors Are Moving on From Crypto, Says Kevin O’Leary
With the SEC now regulating “by enforcement,” investors aren’t so keen on putting money into crypto.
![image cryptopotato](https://image.coinlive.com/24x24/cryptotwits-static/35e5d01929d8b47a7dcb0453bdd88ac3.png)
With the SEC now regulating “by enforcement,” investors aren’t so keen on putting money into crypto.
According to the venture capitalist, the collapses will emerge, especially with the lack of regulations that can minimize the influence of rogue players.
Speaking at the Senate Committee, the celebrity businessman called Binance a "massive, unregulated monopoly," alleging that Binance purposely caused FTX to collapse.
The account pinned a tweet about a supposed giveaway and instructed followers to “click on the picture to join the event.”
O'Leary suggested that the $2.1 billion FTX paid to Binance could subject of a clawback.
Shark Tank star Kevin O’Leary has revealed a phone conversation he had with former FTX...
The "Shark Tank" star said he was receiving requests from funds about the crypto exchange, but remarks from the SEC's chairman threw a wrench in the plans.
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows.
The millionaire investor thinks that the market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out and the industry can continue to grow.
The Shark Tank star discussed Bitcoin, layer-1 cryptocurrencies and the future of crypto adoption in an exclusive interview with Cointelegraph.