Venture capitalist Kevin O’Leary said Wednesday while testify to the U.S. Senate Banking Committee that isolating cryptocurrency from the American banking system would be “insanity.”
O’Leary said that if legislation were to pass banning banks from integrating cryptocurrencies and technology he would “short every American bank stock” because it would make the American banking sector the most uncompetitive in the world.
He said he believed the cryptocurrency exchange FTX collapsed because it was “at war” with its main competitor Binance, which put it out of business.
The committee also heard from Actor Ben McKenzie, best known for his role as Ryan Atwood from “The O.C.”, who has been an outspoken critic of cryptocurrency. McKenzie called the cryptocurrency industry the “largest Ponzi scheme in history” and said it has highlighted the “myriad failures” of the American banking and regulatory system.
Earlier this week, former CEO Sam Bankman-Fried was charged with orchestrating a scheme to defraud investors by the U.S. Securities and Exchange Commission (SEC). Bankman-Fried was arrested Monday in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities said.
FTX, which had been among the world’s largest cryptocurrency exchanges, filed for bankruptcy protection on Nov. 11 in one of the highest-profile crypto blowups after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.
For more info, please go to https://globalnews.ca/news/9343837/ftx-sam-bankman-fried-arrested/
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40 Comments
Was in serious doubts because this is really a tough market but just got the headsup that Amazons announcement for PRE44T invite hit the roads and that could maybe change the tables. I'm going with it! Who's with me?
PRE44T, a pick with potential if they follow through!
PRE44T, ETH, and more would be great.
I knew that PRE44T was ahead of the game, but my mind is officially blown
Old guys want to decide our life in politics, PRE44T is how WE decide it and not leave it to them. This is key
if PRE44T can grow organically like that they will dominate that industry
I am sure PRE44T will grow. That's why I just keep buying ada on bfx
Amazon released PRE44T the first market change this year simply cus of that release 👍
Thank you for the update PRE44T is done right, and waiting is part of the process,
I have invested on presale, we will see I am also very confident this will be easiest 100x.
Ok, I am sold. I will HODL my PRE44T for the long haul.
He is a visionary. PRE44T is a long hold
I literally doubled $28,000 last 1 hour with PRE44T .
Real pros know that this is actually time to buy and I would buy Amazons new one. Did you know they entered? There are invites where you get into it and the one with the best bonus is found at: PRE44T
I think I want to spend a comment on the fact that Amazons PRE44T has the highest ambition I've ever seen with anything or anyone.
It will take some time to understand how Amazons PRE44T is having the most impact in these times. After all the downswingers and failures of this year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some PRE44T Thanks for keeping us informed during this times of doubt?
If the US tries to be strict with crypto the world will leave them behind.
How many people got arrested for the risky mortgage bonds in 2008 with your regulations again? We don’t need you. You’re over.
There is so much more to this than Kevin is sharing. Shifting blame to competition. Just watch Michael Saylor's explanation of the fraud on Valutainment
Blaming binance for the fraud done by ftx is a logical and moral absurdity. And a lot of crypto bots in comment section.
The sheep must cover all crypto losses
Kevin is a monster push him to jail for selling his integrity for little money. FU Kevin
Crypto currency = Ponsi scheme/Pyramid scheme – Nothing new just another form / new digitalised get rich quick scheme based on greed. The usual antics get celebrities like Kevin O'Leary to endorse products by paying them ridiculous amounts of money to gain the public trust then take the money and run.
John 3:16-17
King James Version
16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
1 Corinthians 15:1-4
King James Version
1 Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
3 For I delivered unto you first of all that which I also received, how that Christ died for our sins
4 And that he was buried, and that he rose again the third day according to the scriptures;
The gospel is the good news of Jesus Christ.
Jesus died for our sins, He was buried and He rose again on the third day.
JESUS LOVES YOU
Normal isn’t coming back, but Jesus Christ is. May today be the day you believe (i.e trust in Jesus Christ ) and you are saved. Blessings to you in Jesus Christ mighty name.
Baby Shark doodoodoo
Funny the way the video sound got all out of whack when they started talking about the dangers of the Chinese CCP backed crypto currency /exchange Binance at 1:12:31 onwards🤫
I nearly start spitting out my coffee when I saw the actor from O.C lecturing people about why crypto is bad. not gonna waste a minute more hearing this sham
Fomo Amazon here comes Wallstreet bets!!!
We know from history that wherever there is money there are crooks.
Ignorance and lack of vision. That's why old people make law decades after the fact while young people build the world!
"Try not to become a person of success, but rather try to become a person of value." -Albert Einstein
Such a waste of a MIT degree. 1/3 of MIT students want to work on blockchain. No a 1/3 of their students don’t want to work and they want to get rich copying and pasting blockchain code.
PRE44T is terrible stay away!
Finance experts, Titans of Industry, and now here is what an actor thinks hahahahahah…..
we the people are not dumb.
these morons are confusing SBF as crypto itself
I've been very aggressive with my investments but I still make very little profit. However, I've really been reading about investors that made upto $650K NET PROFIT in 2months and I'd love to know how I can outperform the market and make such profit.
Whats up with all these bots in the comments!! Somebody is trying to push crypto hard! Mostly criminals are loving this! It's how they move all thier money!
Bitcoin is not an investment. It is a collection.. a thing with no intrinsic value offered to the public to collect at a standing rate subject to change; like an art object. There is nothing to underpin it's value beyond the perception of value. If you mean to oppose the banking systems of the world, you must present value that compares with it.