Famous Shark Tank investor Kevin O’Leary is convinced that the lawmakers of the country have grown angry with the current status of the crypto market and how it has to deal with constant problems.
O’Leary is appealing to the crypto market to agree with the new rules and regulations so that they can stay out of the way of the FTX. In a recent interview with the TraderTV Live, Kevin have said that the lawmakers are tired of seeing the news of collapsing crypto market. He doubted that the FTX might take adventurous measures if the companies continue to disagree with the laws.
He said that the senators are tired to gather around every time a new crypto company goes back to zero.
O’Leary asserted that the industry should be on high alert and should comply with the SEC’s order to instantly cease using Kraken’s staking service and fine them $30 mn.
The investor projected that over the coming few years, licensed marketplaces will outperform their unregulated rivals due to recent governmental crackdowns.
FTX is Poking The Bear:
O’Leary recently acknowledged that he lost virtually all of the fifteen million dollars that FTX gave him as compensation for serving as its spokesperson.
Even though O’Leary admitted that his investments in FTX were bad, he defended Sam Bankman-Fried, a former FTX CEO. Kevin claimed his innocence and said that people should consider him being innocent till he is proven guilty.
On August 13, O’Leary stated that the Netherlands government was correct to detain Alexey Pertsev, the developer of the Ethereum-based cryptocurrency mixer Tornado Cash, since he “mess[es] with the primordial forces of regulation.”
