•Renowned crypto personnel Kelvin O’Leary believes that regulation will help crypto markets.
•He believes that the U.S. Senate hearings and regulations will force players in the crypto space to try to do everything right.
•He believes that a firm’s native tokens should be better regulated, as they are the core root of fraud carried out by these exchanges.
Kelvin O’Leary, a renowned crypto personnel, recently shared his views on the crypto market and its regulation in a recent interview with Kitco news on Youtube. O’Leary believes that the current peak of regulation in the sector will make the crypto market more enjoyable than ever, and will help ensure that another FTX-like collapse does not happen. He believes that the U.S. Senate hearings and regulations will force players in the crypto space to try to do everything right, and that a much better-regulated crypto market will likely show up due to more watchdogs wanting to look into the sector.
O’Leary also asserts that all the drama regarding unregulated exchanges and tokens would soon disappear, leaving a better market for every crypto lover. He believes that a firm’s native tokens should be better regulated, as they are the core root of fraud carried out by these exchanges. He believes that regulators will eventually launch a passport system in major markets that would help bring about more transparency and trust in the crypto markets.
O’Leary believes that a well-regulated crypto market will help ensure that investors do not feel the need to worry about their investments and that the industry will be much more secure and dependable. He also believes that a regulated market will bring in more institutional investors, which can only be beneficial for the crypto market. As such, O’Leary believes that regulation is crucial for the crypto market, and that it should be embraced in order to ensure its growth and success.