Venture capitalist Kevin O’Leary says he is ending attempts to bail out FTX after comments from US Securities and Exchange Commission (SEC) Chairman Gary Gensler.
Kevin O’Leary 14 November after FTX filed for bankruptcy in a program he attended on hours ago to a company lifeline but want to throw SEC Chairman Gensler after this move that you gave up stated.
O’Leary, a spokesperson, shareholder and customer of FTX, said in his statements the day before bankruptcy. from the state treasury and some pension funds He claimed that requests were received to fix FTX’s cash crunch. The spokesperson states that this request is due to an institution or government fund. interesting opportunity He stated that it was the kind of money they could put forth if they thought it was money. However, such opportunities If you are sure that there is no problem on the regulatory side noted that it was evaluated.
But later on, Gensler’s crypto industry significantly incompatible The spokesperson stated that this opportunity no longer complies with the interests of the institutions after he commented that it was a problem and needed more regulation. there is no such opportunity told. Also, O’Leary said that FTX could solve its liquidation problem. 3.5 to 4 billion He stated that he estimates that an amount of between $
On the other hand, the spokesperson only said that what happened will not bring the end of the crypto money industry. will speed up regulation. suggested. It was also among O’leary’s statements that more than one domino would have to be knocked down in order to end the bottoming process we were in, but we would not know how many would topple.