Kevin O’Leary, star of the television show “Shark Tank,” has suggested that the crypto market should expect more exchanges to undergo a meltdown in the future.
According to the venture capitalist, the collapses will emerge, especially with the lack of regulations that can minimize the influence of rogue players, O’Leary said during an interview with Kitco News on January 17.
“I’m not worried, but if you’re asking me, will there be another meltdown to zero absolutely 100% it’ll happen, and it’ll keep happening over and over. <…> I think regulation doesn’t have to be. It’s not going to change fraud, it’s just going to make it much easier for people to understand what the rules are,” he said.
Possible U.S. crypto regulations
According to O’Leary, lawmakers are likely to enact a solid regulatory framework soon while stressing that holding hearings in the wake of crypto collapses does not benefit the industry. In this line, he suggested that lawmakers a
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