- Investors had already managed to move on to artificial intelligence according to Kevin.
- The star of “Shark Tank” formerly this month stated that many crypto tokens are useless.
Kevin O’Leary, of “Shark Tank,” has provided his ideas around the cryptocurrency market following the SEC has had many enforcement actions.
The Shark Tank star tweeted:
“Venture funding for brand new crypto projects is actually dead and aftermarket buying and selling for existing projects reaches massive discounts. Reason? The regulator has become controlling by enforcement, penalties, and large fines.”
Very Aggressive Attitude
Also, he noted that investors had already managed to move on to artificial intelligence because the “next big factor.” Within an interview with Trader TV Live released on Sunday, O’Leary stated that politicians within the U . s . States are “pissed” over getting to frequently convene to handle the failures of crypto firms following the collapse of cryptocurrency exchange FTX.
The senators are “fatigued” and “really fed up with gathering every six several weeks once the next crypto company fills up and would go to zero,” because the Shark Tank star place it. He thinks for this reason SEC Chairman Gary Gensler am “heavy-handed” in the recent attack on Kraken’s staking programme. O’Leary cautioned, concentrating on the SEC’s enforcement-focused method of crypto sector regulation.
Kevin mentioned:
“That type of atmosphere gets very, very aggressive and also the regulators are now being applauded on through the senators and congressmen and ladies who’re saying ‘What is that this? We’ve had enough of these things.’”
O’Leary has predicted that unlicensed cryptocurrency exchanges would either go under or disappear entirely within the next couple of years because of government oversight.
The star of “Shark Tank” formerly this month stated that many crypto tokens are useless and would eventually simply fall to zero. The crypto community has recently belittled O’Leary for his defense of Mike Bankman-Fried, the disgraced co-founding father of FTX.
