Kevin O’Leary Calls for Increased Regulation in Crypto Industry

Kevin O’Leary, chairman of O’Leary Ventures, emphasized the need for increased regulation in the crypto industry to facilitate institutional adoption. Speaking at Consensus 2025, he noted that crypto assets under management have stagnated due to regulatory uncertainties, preventing significant investments from sovereign wealth funds and pension funds.

Key points from O'Leary's statements:

Calls for more regulation amidst current limitations on institutional investment.
New SEC Chairman Paul Atkins is viewed as supportive of the crypto industry.
Atkins replaces Gary Gensler, known for a strict enforcement approach.
O’Leary shared his past experience with an SEC Wells notice, which initially deterred him from U.S. crypto engagement.
Post-Gensler, the SEC has shifted its stance, creating a Crypto Task Force and reducing investigations against crypto firms.
O’Leary anticipates the passage of the GENIUS Act within months, which could signal further regulatory advancements.
He predicts significant inflows into crypto markets once regulations are established.