Investor and Shark Tank star Kevin O’Leary says he’d get rid of Coinbase CEO Brian Armstrong and find someone willing to work with the Securities and Exchange Commission.
filed in Manhattan federal court, the regulator said that Coinbase has pocketed billions of dollars by collecting transaction fees from investors since at least 2019, without the disclosures and protections of registration, exposing its customers to risk.Multi-millionaire Kevin O'Leary joined 'Kudlow' to discuss his outlook on the U.S.
stock markets, and economy."The cryptocurrency industry has been stymied for three years and will never get capital appreciation until an institution can invest," he went on. "After speaking with Sovereign Wealth and other institutions in the last 48 hours, they say this asset class is radioactive waste. We are not going to touch this."
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