US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors – Kevin O’Leary has announced that a group of US lawmakers is working on a policy to allow institutional investors access to crypto markets. “The good news is that they all agreed that once policy is passed, there will be huge potential,” O’Leary stated.
Kevin O’Leary, the host of Shark Tank, stated in a series of tweets last Thursday that he had just had a bipartisan discussion with a group of US lawmakers to discuss cryptocurrency regulation.
He wrote on Twitter:
“I spent the day in Senate with a bipartisan group of policymakers who get the humor about cryptocurrency. They’re working on laws that will allow institutional investors to participate in these markets.”
“The good news is they’re all over it and agree there’s a big opportunity once policy is passed,” O’Leary remarked. Keep an eye out; I left them feeling optimistic.”
Senator Cynthia Lummis, who hosted the meeting, was also thanked by the Shark Tank star. Responding through Twitter, Wyoming pro-bitcoin senator stated: “It was lovely to have you Kevin O’leary.” What a great turnout! (bicameral and bipartisan). Big things are on the way. “I’m in a good mood.”
Last week, O’Leary expresed in a different tweet:
“All of these blockchains, including Ethereum, Polygon, and Bitcoin are software. The rate of growth of these new innovations is amazing, and money is pouring in from around the world.”
Many institutional investors, according to O’Leart, are waiting to be able to invest in bitcoin and other cryptocurrencies.
He predicted in February that bitcoin’s price will “appreciate considerably” in the next two to three years “until institutions can finally buy it.” He stated: “Despite all the excitement around bitcoin, none of those institutions own a single coin in the indexing business.” And they would not until their compliance departments agree to implement the ESG mandates.”