Canadian entrepreneur and "Shark Tank" star Kevin O'Leary believes that the recent SEC lawsuits against Binance and Coinbase will be a turning point for the cryptocurrency industry, leading to a more regulated and stable environment. O'Leary predicts that Binance will suffer more than Coinbase from the SEC's enforcement action. He also criticizes Coinbase's decision to fight the SEC in court, saying it is a turnoff for institutional investors and has led to a decline in the exchange's stock price. O'Leary believes that many digital asset firms lack the maturity and experience to attract institutional investors and need to become more regulated.
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Kevin O’Leary Predicts End of Unregulated “Crypto Cowboys” Following SEC Lawsuits Against Binance and Coinbase
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