Feb 21, 2023

Kevin O’Leary Urges Crypto Exchanges to Comply with Regulations

Venture capitalist Kevin O’Leary, known for his appearances on Shark Tank, has recently urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of the United States Securities Exchange Commission.

In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to become more relentless if companies continue to not comply. He stated, “You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres [men] in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.”

The Shark Tank investor also predicted that regulated trading platforms will be better investments than their unregulated counterparts over the next few years. He said, “I think the value of regulated exchanges is going to go up over the next few years, while the unregulated ones get put out of business or go to zero by the regulators.”

O’Leary has also expressed his dislike towards some of the more decentralized, unregulated players in the industry. On Aug. 13, O’Leary said Dutch authorities were right to arrest Alexey Pertsev — the creator of Ethereum-based crypto mixer Tornado Cash — because such applications and the “crypto cowboys” that run them “mess with the primal forces of regulation.”

The venture capitalist’s comments come at a time when the crypto industry is undergoing a significant transformation. With the advent of NFTs, crypto exchanges are now looking to explore new avenues of promotion and marketing. NFTs have become increasingly popular in recent months, with many companies turning to Twitter as a platform for NFT marketing.

NFT marketing agencies have sprung up to help companies promote their NFTs, offering services such as influencer marketing, content creation, and social media management. These agencies are also helping companies to optimize their selling strategies, helping them to maximize the potential of their NFTs.

Web3 agencies are also helping companies to create and launch their own NFTs, offering a range of services such as tokenomics, smart contract development, and liquidity management. These agencies are also helping companies to navigate the regulatory landscape, ensuring that they are compliant with all relevant laws and regulations.

Overall, it appears that the crypto industry is beginning to embrace regulation and compliance. With the right guidance and support, companies can successfully navigate the regulatory landscape and make the most of their NFTs.

Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.