I have no interest in investing in legal disputes against the Sec - regulation
I have no interest in investing in legal disputes against the Sec - regulation
Shark Tank star Kevin O’Leary, alias Mr. Wonderful, says that he has no interest in investing in anything that is charged by the US Stock Exchange Supervisory Authority Securities and Exchange Commission (Sec). "It's a very bad idea," he said. Discussion of the second lawsuit against ripple about xrp I have no interest in being a crypto-cowboy ... be. "
Kevin O’Leary says he should not upset the supervisory authorities
Shark Tank-Star Kevin O’Leary, the chairman of O’Shares ETF, spoke about cryptocurrency, Bitcoin, XRP , Ripple’s lawsuit and crypto regulation in an interview published on Friday
he said that he was pulling the supervisory authorities in relation to cryptocurrencies in order to find out "what is possible and what is not".
Opinion on the lawsuit of the US stock exchange supervisory authority SEP against Ripple on the sale of xrp , emphasized o’leary:
I have no interest in investing in legal disputes against the Sec. This is a very bad idea.
The SEC sues Ripple, his CEO Brad Garlinghouse and co-founder Chris Larsen when selling $ 1.3 billion of the XRP token, with the claim that it is an unregistered securities offer. Ripple and his managers have argued that xrp is not a security.
Garlinghouse recently said that he would expect the lawsuit to be concluded next year and found: "We see" Pretty good progress . " Even the CEO of the Coinbase crypto exchange listed on the Nasdaq, Brian Armstrong, believes that the lawsuit runs better than expected .
However,
o’leary said that he was preferring to stick to the supervisory authorities "because there is real capital". He emphasized:
I have no interest in being a crypto cowboy and making someone unhappy with me because ... I have so many assets in the real world in which I have already invested that I have to be compliant.
mr. Wonderful is also not interested in meme cryptocurrencies. In July he said that he would not invest in the popular meme crypto dogecoin (Doge) noted: "I do not understand why someone is doing this would. "
Nonetheless, the cryptocurrency now makes 10% "> 10% of his portfolio . His crypto exposure exceeded its golden engagement at the beginning of October. In September, the Shark Tank star said that he was expecting a trillion dollar more in Bitcoin.
What do you think of Kevin O’Leary's comments? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons