Shark Tank star Kevin O’Leary says that he’s working closely with US lawmakers to pass crypto-friendly regulations that would open up the digital assets market to blue-chip investors.
The business magnate tells his 870,700 Twitter followers that he met with a bipartisan group of lawmakers hosted by Republican Senator Cynthia Lummis of Wyoming, an outspoken proponent of cryptocurrencies, to discuss crypto legislation.
“Spent my day at the Senate with a bipartisan group of policymakers who get the joke on crypto. They are working on policy that will open these markets to institutional investors.
Thank you, Senator Lummis, for hosting my bipartisan meeting with Senators on The Hill to discuss crypto policy. The good news is they are all over it and agree there is tremendous opportunity once they pass policy.”
The specifics of the policies discussed have yet to be disclosed.
Last month, Senator Lummis urged the Federal Reserve to consider adding Bitcoin to its balance sheet once BTC gets regulated, saying that BTC’s decentralized nature will make it ubiquitous.
Lummis had previously also said that American citizens incorporate the leading digital asset into their retirement savings strategy, touting BTC as a powerful store of value rather than a means of exchange.
O’Leary, who was once a naysayer of digital assets, flipped his stance on cryptocurrencies last year and began adding them to his portfolio. Now, the famous investor is acknowledging the “phenomenal” growth rate of crypto assets.
“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.”
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