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'Shark Tank' Star Kevin O'Leary Says Litigating Your Crypto Regulator 'Really Stupid'

Venture capitalist and "Shark Tank" star Kevin O'Leary said that crypto exchanges shouldn't be taking legal action against regulators.

"Litigating your regulator, in my opinion, is a really stupid idea," he said about Coinbase (COIN), the largest U.S. crypto exchange by trading volume. Coinbase may face regulatory action from the Securities and Exchange Commission (SEC).

In Coinbase's case, O'Leary said, it would be "better to sit down and work it out" with regulators, and if a "U.S. regulator doesn't want staking or lending, so be it."

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