A group of legislators in the United States is working on legislation that will open crypto markets to institutional investors, Kevin O’Leary, aka Mr. Wonderful, revealed. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary.
Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary.
U.S. Senators Working on Crypto Regulation for Institutional Investors
Shark Tank star Kevin O’Leary revealed in a series of tweets Thursday that he just had a bipartisan meeting with a group of U.S. lawmakers to discuss crypto regulation.
He tweeted:
Spent my day at the senate with a bi-partisan group of policy makers who get the joke on crypto. They are working on policy that will open these markets to institutional investors.
O’Leary added: “The good news is they are all over it and agree there is tremendous opportunity once they pass policy. Stay tuned, I left them feeling optimistic.”
The Shark Tank star also thanked Senator Cynthia Lummis for hosting the meeting. The pro-bitcoin senator from Wyoming replied to him via Twitter: “It was great to have you Kevin O’leary. What a turnout (bicameral and bipartisan). Big things [are] coming. Feeling bullish.”
Mr. Wonderful replied: “Senator Lummis is 100% right. Whoever heard of going to the Hill and having a bipartisan discussion. I thought I was dreaming.”
In a different tweet last week, O’Leary opined:
Bitcoin, Ethereum, Polygon, all these blockchains — it’s all software. The growth rate of these new innovations is phenomenal, and there’s capital coming in from all around the world.
O’Leary has been saying repeatedly that many institutional investors are waiting to be able to invest in bitcoin and other cryptocurrencies.
In February, he said he expects the price of bitcoin to “appreciate dramatically” in two to three years “when institutions can finally buy it.” He explained that “In the indexing business, for all the hype around bitcoin, none of those institutions own a single coin. And they are not going to until their compliance departments allow for the ESG mandates.”
Disclaimer
The information provided on this page
does not constitute investment advice, financial
advice, trading advice, or any other sort of advice
and it should not be treated as such. This content is
the opinion of a third party and this site does not
recommend that any specific cryptocurrency should
be bought, sold, or held, or that any crypto
investment should be made. The Crypto market is
high-risk, with high-risk and unproven projects.
Readers should do their own research and consult a
professional financial advisor before making any
investment decisions.
INVESTMENTS DISCLAIMER
Although the material contained in this website was prepared based on information from public and private sources that KavaWire.com believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and KavaWire.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website.
