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Elizabeth Warren And Kevin O’Leary Clash On Regulating Crypto

  • Sen. Elizabeth Warren (D-MA) and celebrity investor Kevin O’Leary clashed during a Wednesday hearing of the Senate Banking Committee discussing new federal regulations on cryptocurrency following the collapse of digital asset exchange FTX.
  • Warren, a longtime skeptic of the nascent cryptocurrency industry, remarked that criminals and state sponsors of terror use the tokens for money laundering.
  • She asked O’Leary whether “the potential benefits of crypto are so promising that we should accept weaker anti-money laundering rules and weaker compliance from crypto firms than we require from banks,” causing the “Shark Tank” personality to balk.
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