‘Shark Tank’ Star Kevin O’Leary Calls 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 told CoinDesk TV’s “First Mover” on Tuesday in reference to Coinbase (COIN), the largest U.S. crypto exchange by trading volume. Coinbase may face regulatory action from the Securities and Exchange Commission (SEC).

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“If the crypto community and crypto investors like me want to fit into the existing global financial services system, we have to tuck under the regulator,” he said. “I no longer have any interest in going to war with regulators, litigating regulators and suing regulators. That is not the future of crypto.”

Source: ‘Shark Tank’ Star Kevin O’Leary Calls Litigating Your Crypto Regulator ‘Really Stupid’