Kevin O’Leary, president of O’Leary Ventures, said that the cryptographic industry was not sufficiently regulated – which retains digital assets from the real institutional adoption.
Speaking Thursday at the 2025 consensus in Toronto, O’Leary said that the assets crypto under management (AUM) struck a wall, which he attributed to a lack of regulatory clarity which prevented the majority of sovereign funds, pension funds and institutional investors from investing significantly.
“I never thought to say that, but I want more regulations and I want it now,” said O’Leary. “The good news is that there is a new sheriff in town: Paul Atkins at [U.S. Securities and Exchange Commission]. “”
O’Leary said that ATKINS, who was sworn in as president of the SEC last month, has already telegraphed that he was friendly with the crypto industry and “will regulate accordingly”.
Atkins replaces Gary Gensler, whose penchant for the so-called “application regulations” attracted the anger of many to the cryptography industry. O’Leary said on Thursday that he respected the consistency of peopleler as a regulator.
“He said he was going to prosecute you and he continued you,” said O’Leary. “He was consistent and you have to respect this.”
During a press conference before his opening speech, O’Leary said he had received an opinion from Wells de la Sec more than a decade after talking about the debt tokenization in a television interview. He was eliminated, he said, but experience temporarily frightened him to engage with the crypto in the United States
“My first experience with Crypto took place more than a decade ago when I was on the business cable, speaking of debt tokenization,” said O’Leary. “I hit my door and it is an agent in charge of the law of the dry that I serve a good opinion. I shit my pants … The regulator sent a message. I received the message “
Since Gensler left the agency in January, the SEC has made a subject about its approach to cryptographic regulations, creating a cryptographic working group led by the friendly commissioner Hester Peirce and abandoning a multitude of open surveys and prosecution against cryptographic societies that have been launched under people.
A more user -friendly dry is not the only thing for which O’Leary hopes with regard to cryptographic regulations – he expects to see the adoption of the engineering law in the “months”.
“The minute that occurs, this will point out the transition to the next law, the market infrastructure law,” said O’Leary. “And when it is determined and regulated, Katy, bars the doors – a dollars billion will come and index [bitcoin]. “”
