Regulation
Kevin O’Leary argues for rigorous regulatory compliance: implications for digital assets
“Shark Tank” judge. Kevin O’Leary, renowned for his candid opinions, recently expressed strong opinions on the need for regulatory compliance for both Chinese companies and cryptocurrencies. His observations reveal a constant push for market integrity and the vital role of regulation attract institutional investors.
In a recent appearance on FOX Business Claman countdownO’Leary said, “I want EVERY Chinese company that doesn’t comply with US stock exchange rules to be DELISTED.”
This firm stance underlines its broader belief that strict regulatory compliance is essential to maintaining market integrity.
O’Leary’s call to delist non-compliant Chinese companies is part of his broader advocacy for transparent and regulated markets, which he believes are crucial to investor confidence and market stability.
Cryptocurrency regulation, institutional investments
At Benzinga’s Crypto Unlocked event, O’Leary drew a parallel between his stance on Chinese companies and the need for regulation in the cryptocurrency market. He emphasized that Bitcoin and other cryptocurrencies need institutional investment to reach their full potential. “I want to see Bitcoin at a hundred thousand dollars. It will never get there if it is never owned by the institutions,” he said.
O’Leary stressed that for Bitcoin to achieve such goals, a regulatory framework that eliminates fraud and encourages legitimate investments is essential. Just as in the case of Chinese companies, he believes that cryptocurrencies can only gain the trust and investment of major financial institutions through rigorous regulatory compliance.
Transition from chaos to stability
Describing the current state of the cryptocurrency market as the “Wild West”, O’Leary highlighted the need to move towards a more regulated and stable environment. “We have to open it up and we have to get rid of the role players and the scammers,” he added. This transition is crucial to attract institutional investors and encourage substantial growth in the value of cryptocurrencies.
The future of digital assets
These themes will be at the center of the discussions Benzinga’s The Future of Digital Assets Event, scheduled for November 19 at Convene 225 Liberty Street, New York. The event will bring together industry leaders to explore the state and future of digital assets, offering attendees the chance to interact with experts, network with peers and participate in executive roundtable discussions.
Since its launch in 2022, the conference has attracted thousands of attendees. The 2024 event promises a strengthened agenda and impactful discussions on regulatory compliance and institutional investing.
Market integrity and financial health
O’Leary’s support for rigorous compliance and the elimination of non-compliant entities aims to promote a healthier market environment. His views align with the goals of Benzinga’s Future of Digital Assets event, making it a timely and relevant forum for stakeholders to discuss the future of digital assets and alternative investments.
In conclusion, Kevin O’Leary’s recent comments on regulatory compliance highlight the steps needed to advance the digital asset market. The upcoming Benzinga event will delve into these critical topics, providing insights into the future trajectory of cryptocurrencies and the broader financial market.
Image: by Ontario Chamber of Commerce via Flickr
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