Kevin O’Leary, the big boss at O’Leary Ventures, thinks the crypto world needs more rules. He believes that the lack of regulations is stopping big players like pension funds and institutional investors from getting into digital assets. O’Leary made these comments at Consensus 2025 in Toronto on a Thursday afternoon.
O’Leary mentioned that the current assets under management (AUM) in crypto have hit a roadblock due to the unclear regulatory environment. He surprisingly stated, “I never thought I’d say this, but I want more regulation and I want it now.” O’Leary also shared some optimism about the new SEC chairman, Paul Atkins, who seems to be crypto-friendly and ready to regulate the industry in a positive way.
The departure of the previous SEC chairman, Gary Gensler, who was known for his strict enforcement approach, has paved the way for a more crypto-friendly environment at the agency. O’Leary also mentioned his own encounter with the SEC over a decade ago, which temporarily scared him away from engaging with crypto in the U.S. Despite this, O’Leary seems hopeful for the future, especially with the potential passage of the GENIUS Act and the market infrastructure act, which could bring in a massive influx of investment into the crypto market.
Not really sure why this matters, but Kevin O’Leary seems pretty passionate about getting more regulations in place for the crypto industry. Maybe it’s just me, but I feel like his optimism about the new SEC chairman and the potential new acts could really shake things up in the crypto world. Who knows, maybe a trillion dollars will flood in and change the game for good. Only time will tell.
