Kevin O'Leary: Without clear crypto regulation, Wall Street's tokenization boom is just empty talk

According to ChainCatcher, CoinDesk reported that renowned investor Kevin O'Leary stated at the Consensus conference that until the U.S. Congress passes clear digital asset regulatory legislation, Wall Street's tokenization frenzy is mostly just hype. Bitcoin and tokenized assets still pose too much risk for large institutional investors to invest. He pointed out that once the U.S. establishes an official legal framework, everything will change.

O'Leary used stablecoins as an example, stating that after the GENIUS Act passed, stablecoins were “almost immediately” adopted, cross-border payments were shortened from three days to just a few minutes, costs significantly dropped, and compliance and transparency were ensured. O'Leary believes institutional investors are now highly focused on Bitcoin and Ethereum, with 97% of the market's value coming from these two assets, and many small-cap tokens have already been “eliminated.” He stated that real long-term value lies in blockchain infrastructure, enterprise-grade applications, and the energy and data centers supporting digital assets. He said electricity is more valuable than Bitcoin, and the biggest opportunity is in finding the blockchain platform standard that large corporations will adopt for applications such as logistics, contract management, or inventory systems.