“I have no interest in investing in litigation against the SEC”-Regulating Bitcoin News


“Knowledge Winner” star Kevin O’Leary (Kevin O’Leary), also known as “Mr. Wonder”, said he has no interest in any investment involving the US Securities and Exchange Commission (SEC) litigation. “This is a very bad idea,” he said.Discuss the SEC’s lawsuit against Ripple Ripple, He emphasized: “I have no interest in becoming a crypto cowboy… I have to abide by the rules.”

Kevin O’Leary says he can’t annoy regulators

O’shares ETF Chairman Shark Tank star Kevin O’Leary talked about cryptocurrency, Bitcoin, Ripple, Ripple’s lawsuit and cryptocurrency regulation were published in an interview with CNBC on Friday.

He explained that he would prefer to consult regulators on cryptocurrencies to find out “what is possible and what is impossible.”

Comment on the U.S. Securities and Exchange Commission (SEC) on the sale of Ripple RippleO’Leary emphasized:

I have no interest in investing in litigation against the SEC. This is a very bad idea.

The U.S. Securities and Exchange Commission sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen for the sale of $1.3 billion Ripple Token, claiming that this is an unregistered securities issuance. Ripple and its executives believe that Ripple Not a security.

Garlinghouse recently stated that he expects the lawsuit to end next year, noting: “We see Pretty good progress. Even Brian Armstrong, CEO of Coinbase, a NASDAQ-listed cryptocurrency exchange, believes that this lawsuit is Better than expected.

However, O’Leary said that he is more willing to comply with the regulations of the regulatory agencies, “because this is where the real capital lies.” He emphasized:

I am not interested in becoming a crypto cowboy, nor am I interested in making anyone dissatisfied with me, because…I have a lot of assets in the real world, I have already invested, so I have to comply.

Mr. Wonderful is also not keen on meme cryptocurrency.He said in July that he would not invest in popular Meme dongle (DOGE), stating, “I don’t understand why anyone would do this.”

Nevertheless, cryptocurrencies now account for approximately 10% of his portfolio. His encryption exposed Exceeded his gold exposure The first time in early October.In September, the Shark Tank star said he was looking forward to One trillion dollars More flows into Bitcoin.

What do you think of Kevin O’Leary’s comments? Please let us know in the comments section below.

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