HomeCoinsRipple (XRP)'I Have Zero Interest in Investing in Litigation Against SEC' – Regulation...

‘I Have Zero Interest in Investing in Litigation Against SEC’ – Regulation Bitcoin News

- Advertisement -


Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). “That is a very bad idea,” he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized: “I have no interest in being a crypto cowboy … I have to be compliant.”

Kevin O’Leary Says He Must Not Upset Regulators

Shark Tank star Kevin O’Leary, the chairman of O’shares ETF, talked about cryptocurrency, bitcoin, XRP, Ripple’s lawsuit, and crypto regulation in an interview with CNBC published Friday.

He explained that he prefers to consult with regulators regarding cryptocurrency in order to find out “what’s possible and what isn’t.”

Commenting on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple over the sale of XRP, O’Leary stressed:

I have zero interest in investing in litigation against the SEC. That is a very bad idea.

The SEC sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen over the sale of $1.3 billion worth of the XRP tokens, claiming that it was an unregistered securities offering. Ripple and its executives have argued that XRP is not a security.

Garlinghouse recently said that he expects the lawsuit to come to a conclusion next year, noting, “We are seeing pretty good progress.” Even the CEO of the Nasdaq-listed crypto exchange Coinbase, Brian Armstrong, believes that the lawsuit is going better than expected.

However, O’Leary said that he prefers to comply with regulators “because that’s where the real capital is.” He emphasized:

I have no interest in being a crypto cowboy and getting anybody unhappy with me because … I have so many assets in the real world that I’ve invested in already that I have to be compliant.

Mr. Wonderful is also not keen on meme cryptocurrencies. He said in July that he will not invest in the popular meme crypto dogecoin (DOGE), noting, “I don’t understand why anybody would.”

Nonetheless, cryptocurrency now accounts for about 10% of his portfolio. His crypto exposure exceeded his gold exposure for the first time in early October. In September, the Shark Tank star said he expect a trillion dollars more flowing into bitcoin.

What do you think about Kevin O’Leary’s comments? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,561FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,164.00
ethereum
Ethereum (ETH) $ 3,331.19
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 389.70
litecoin
Litecoin (LTC) $ 148.71
eos
EOS (EOS) $ 2.90
okb
OKB (OKB) $ 26.07
tezos
Tezos (XTZ) $ 4.32
leo-token
LEO Token (LEO) $ 3.78
cardano
Cardano (ADA) $ 1.28
monero
Monero (XMR) $ 223.29
stellar
Stellar (XLM) $ 0.262529
chainlink
Chainlink (LINK) $ 25.81
huobi-token
Huobi Token (HT) $ 9.99
tron
TRON (TRX) $ 0.068375
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 141.85
neo
NEO (NEO) $ 25.53
iota
IOTA (MIOTA) $ 1.16
nem
NEM (XEM) $ 0.120188
zcash
Zcash (ZEC) $ 143.31
maker
Maker (MKR) $ 2,221.33
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 33.01
vechain
VeChain (VET) $ 0.07938
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 45.56
kucoin-shares
KuCoin Token (KCS) $ 20.25
waves
Waves (WAVES) $ 14.39