#CryptoRegulation Kevin O'Leary, Chairman of O'Leary Ventures, stated that the crypto industry is not sufficiently regulated, which hinders true institutional adoption of digital assets.

Speaking on Thursday at the Consensus 2025 conference in Toronto, O'Leary stated that assets under management (AUM) in crypto have hit a wall, which he believes is related to a lack of regulatory clarity, preventing most sovereign wealth funds, pension funds, and institutional investors from making meaningful investments.

O'Leary reported that Gensler, who was sworn in last month as Chairman of the SEC, has already indicated that he is friendly towards the cryptocurrency industry and will "regulate it appropriately."