{"id":14764,"date":"2021-11-28T03:54:24","date_gmt":"2021-11-28T03:54:24","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/kevin-oleary-on-sec-v-ripple-lawsuit-over-xrp-i-have-zero-interest-in-investing-in-litigation-against-sec\/"},"modified":"2021-11-28T03:54:24","modified_gmt":"2021-11-28T03:54:24","slug":"kevin-oleary-on-sec-v-ripple-lawsuit-over-xrp-i-have-zero-interest-in-investing-in-litigation-against-sec","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/kevin-oleary-on-sec-v-ripple-lawsuit-over-xrp-i-have-zero-interest-in-investing-in-litigation-against-sec\/","title":{"rendered":"Kevin O\u2019Leary on SEC v Ripple Lawsuit Over XRP: \u2018I Have Zero Interest in Investing in Litigation Against SEC\u2019"},"content":{"rendered":"

Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). \u201cThat is a very bad idea,\u201d he said. Discussing the SEC lawsuit against Ripple over XRP<\/a>, he emphasized: \u201cI have no interest in being a crypto cowboy \u2026 I have to be compliant.\u201d<\/strong><\/p>\n

Kevin O\u2019Leary Says He Must Not Upset Regulators<\/h2>\n

Shark Tank star Kevin O\u2019Leary, the chairman of O\u2019shares ETF, talked about cryptocurrency, bitcoin, XRP<\/a>, Ripple\u2019s lawsuit, and crypto regulation in an interview with CNBC published Friday.<\/p>\n

He explained that he prefers to consult with regulators regarding cryptocurrency in order to find out \u201cwhat\u2019s possible and what isn\u2019t.\u201d<\/p>\n

Commenting on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple over the sale of XRP<\/a>, O\u2019Leary stressed:<\/p>\n

I have zero interest in investing in litigation against the SEC. That is a very bad idea.<\/p>\n

The SEC sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen over the sale of $1.3 billion worth of the XRP<\/a> tokens, claiming that it was an unregistered securities offering. Ripple and its executives have argued that XRP<\/a> is not a security.<\/p>\n

Garlinghouse recently said that he expects the lawsuit to come to a conclusion next year, noting, \u201cWe are seeing pretty good progress<\/a>.\u201d Even the CEO of the Nasdaq-listed crypto exchange Coinbase, Brian Armstrong, believes that the lawsuit is going better than expected<\/a>.<\/p>\n

However, O\u2019Leary said that he prefers to comply with regulators \u201cbecause that\u2019s where the real capital is.\u201d He emphasized:<\/p>\n

I have no interest in being a crypto cowboy and getting anybody unhappy with me because \u2026 I have so many assets in the real world that I\u2019ve invested in already that I have to be compliant.<\/p>\n

Mr. Wonderful is also not keen on meme cryptocurrencies. He said in July that he will not invest in the popular meme crypto dogecoin<\/a> (DOGE), noting, \u201cI don\u2019t understand why anybody would.\u201d<\/p>\n

Nonetheless, cryptocurrency now accounts for about 10% of his portfolio<\/a>. His crypto exposure exceeded his gold exposure<\/a> for the first time in early October. In September, the Shark Tank star said he expect a trillion dollars<\/a> more flowing into bitcoin.<\/p>\n

What do you think about Kevin O\u2019Leary\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
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Shark Tank star Kevin O\u2019Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). \u201cThat is a very bad idea,\u201d he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized: \u201cI have no interest in being a crypto cowboy \u2026…<\/p>\n","protected":false},"author":0,"featured_media":14765,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14764"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14764"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14765"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}