Kevin O'Leary weighs in on President-elect Trump considering a 'crypto czar' and potential picks.
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 Thursday on "Fox & Friends." "It provides efficiency and digital payment systems. And we have to be competitive worldwide.
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 being sued by Gensler right now. His company is under litigation from the SEC," the O’Leary Ventures CEO noted. "We need a czar here, and we need to start making decisions. Is Ethereum a commodity, or is it a security? Pick one and go with it.
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