O'Leary details why the US needs a crypto czar: ‘We've got to stop these shenanigans' [FOX Business Network]
Coinbase Global, Inc. - Class A (COIN)
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Source: FOX Business Network
Weighing in on rumblings around a potential Trump-appointed crypto czar, popular entrepreneur Kevin O'Leary called on whoever's nominated to put an end to regulatory indecision. "We've got to stop these shenanigans because this is a technology that affects all 11 sectors of the economy," O'Leary said on "Fox & Friends" Thursday. "It provides efficiency and digital payment systems. And we have to be competitive worldwide." According to industry sources familiar with the discussions, President-elect Donald Trump is mulling a position dedicated solely to cryptocurrency policy . It's unclear whether the role would be a czar type or a White House staff role, but the official holding the position would interact with regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Two names that come to O'Leary's mind are former acting U.S. Comptroller of the Currency Brian Brooks and Coinbase CEO Brian Armstrong. "Brian, of Coinbase, he's
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