US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary – Regulation Bitcoin News

Kevin O’Leary, aka Mr. Amazing has announced that U.S. lawmakers are currently working on policies to allow institutional investors to access crypto markets. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary.

U.S. US Senators Work on Crypto Regulations For Institutional Investors

Shark Tank star Kevin O’Leary revealed in a series of tweets Thursday that he just had a bipartisan meeting with a group of U.S. lawmakers to discuss crypto regulation.

He tweets:

I spent my time at the senatorial with a bipartisan group policymakers who understand crypto. They’re working on policies that open these markets up to institutional investors.

O’Leary added: “The good news is they are all over it and agree there is tremendous opportunity once they pass policy. Stay tuned, I left them feeling optimistic.”

Shark Tank’s star thanked Senator Cynthia Lummis also for hosting the meeting. The pro-bitcoin senator from Wyoming replied to him via Twitter: “It was great to have you Kevin O’leary. It was a great turnout, bipartisan and bicameral. There were big things [are] coming. Feeling bullish.”

Mr. Wonderful replied: “Senator Lummis is 100% right. I have never heard anyone talk about going up to the Hill for a bipartisan conversation. I thought I was dreaming.”

In a different tweet last week, O’Leary opined:

Bitcoin, Ethereum, Polygon, all these blockchains — it’s all software. The growth rate of these new innovations is phenomenal, and there’s capital coming in from all around the world.

O’Leary has been saying repeatedly that many institutional investors are waiting to be able to invest in bitcoin and other cryptocurrencies.

In February, he said he expects the price of bitcoin to “appreciate dramatically” in two to three years “when institutions can finally buy it.” He explained that “In the indexing business, for all the hype around bitcoin, none of those institutions own a single coin. And they are not going to until their compliance departments allow for the ESG mandates.”

What do you think about Kevin O’Leary’s comments and U.S. lawmakers working on a crypto policy aimed at institutional investors? Comment below to let us know your thoughts.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.