U.S. U.S. Senators working on Crypto Regulation for Institutional Investors
Kevin O’Leary, Shark Tank’s star, revealed via a series tweets that he had just met with a group U.S. legislators to discuss crypto regulation.
He tweeted:
I spent my day at the senatorial with a bipartisan group of policymakers who understand crypto. They are currently working on policies that will open these markets up to institutional investors.
O’Leary said: “The good thing is that they are all over the idea and agree that there is tremendous potential once they pass policy. Keep watching, they are optimistic.
Shark Tank’s star thanked Cynthia Lummis , senator for hosting the meeting. He replied via Twitter to the Wyoming senator pro-bitcoin: “It’s great to have you Kevin O’leary. It was a great turnout (bicameral, bipartisan). We are seeing big things. Feeling bullish.”
Mr. Wonderful responded: “Senator Lummis has 100% right. I have never heard of anyone going to the Hill for a bipartisan discussion. “I thought I was dreaming.”
O’Leary posted a different opinion last week in a tweet:
All these blockchains, including Bitcoin, Ethereum and Polygon — all of it is software. These new innovations are growing at a phenomenal rate, with capital coming from all over the globe.
O’Leary repeatedly stated that institutional investors have been waiting for the opportunity to invest in Bitcoin and other cryptocurrencies.
In February, he stated that he expected bitcoin’s price to “appreciate significantly” over the next two to three year period. He also explained that, “In the indexing industry, for all of the hype surrounding bitcoin, no one owns a single coin.” They won’t until their compliance departments permit for ESG mandates.
