Kevin O'Leary, founder of O'Leary Ventures and investor on Shark Tank, has criticized Coinbase's CEO Brian Armstrong for "butting heads" with the SEC and said he would fire him if he worked for him. O'Leary believes that cryptocurrencies are "radioactive waste" for institutional investors until the SEC reaches an agreement with the leaders of the digital asset space.

He also stated that the crypto industry has been stagnant for three years due to a lack of institutional interest and that the SEC's regulatory crackdowns on Binance and Coinbase need to be resolved before the industry can experience any capital gains.