Kevin O'leary: Wall Street's Bitcoin Adoption Hindered By Regulatory Scrutiny — Suggested End of 'Crypto Cowboys' Era [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
This skepticism arises despite the recent initiatives by asset managers such as BlackRock and Fidelity to establish Bitcoin spot ETFs Don't Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet? If you invested $1000 in DOGE when Elon Musk first tweeted about it in 2019, here's how much you'd have today During an interview with Coinspeaker on Tuesday, O'Leary expressed his concerns about the ongoing federal scrutiny of the cryptocurrency sector, led by SEC Chair Gary Gensler. He believes this scrutiny is a major deterrent for these institutions. “They don't own any of it, and they're not going to own it while Gensler's suing everybody,” O'Leary stated. The SEC has recently launched several lawsuits against key industry players, including crypto exchanges Coinbase and Binance. The argument is that many traded tokens are unregulated securities. O'Leary suggests that this legal action limits the options
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COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 6/20/24 - Form 4
- 6/20/24 - Form 8-K
- 6/18/24 - Form 4
- COIN's page on the SEC website