From Yahoo Finance: 2025-05-15 19:29:00

During Coindesk’s Consensus 2025 conference, Kevin O’Leary called for immediate crypto regulation to remove barriers to institutional adoption. He highlighted the stagnation of crypto assets under management due to lack of clarity. O’Leary sees hope in SEC Chair Paul Atkins, initiating a positive dialogue about crypto within the SEC.

Under Paul Atkins, the SEC has established a crypto task force to clear regulatory lines for digital assets. O’Leary contrasted Atkins with Gary Gensler, noting Atkins’ crypto-friendly approach. O’Leary recalled his past encounter with the SEC, emphasizing the need for clear regulations and his optimism about upcoming legislation.

O’Leary expressed optimism about the pending GENIUS Act, which aims to limit stablecoin issuance and clarify market roles. He believes that once regulations are in place, a trillion dollars will flow into Bitcoin, signaling a significant influx of capital into the crypto market.

Read more: Shark Tank’s Kevin O’Leary sends strong message on regulations