---
title: "Kevin O'Leary: The Wild West era for cryptocurrencies is over | ICOLINK"
description: "Regulation Will Curb Crypto Fraud, Says O'Leary"
url: "https://icolink.com/ico-news/kevin-o-leary-the-wild-west-era-for-cryptocurrencies.html"
markdown_url: "https://icolink.com/ico-news/kevin-o-leary-the-wild-west-era-for-cryptocurrencies.html.md"
date: "2026-06-30T00:14:19+00:00"
language: "en-GB"
---

# Kevin O'Leary: The Wild West era for cryptocurrencies is over

> Regulation Will Curb Crypto Fraud, Says O'Leary

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Tuesday, 18 March 2025

## Regulation Will Curb Crypto Fraud, Says O'Leary

Kevin O'Leary, chairman of **O'Leary Ventures**, has declared that the **era of unregulated crypto chaos is coming to an end**. Speaking on **Fox News' My View with Lara Trump**, O'Leary suggested that **President Donald Trump's administration will bring more order to the crypto market**, reducing fraud and setting a clear regulatory framework.

> **"All the crypto cowboys are already in jail or out of business. Now we have moved on to the next phase. The government is setting a new tone for cryptocurrencies, and this initiative was put forward by Donald Trump,"** O'Leary stated.

O'Leary's remarks come amid a broader push for **regulatory clarity in the U.S.**, a shift that many industry leaders believe will **strengthen institutional adoption of digital assets**.

**Lessons from FTX and the End of Crypto's "Outlaw Era"**O'Leary's perspective is shaped in part by his **own experience with FTX**, the now-bankrupt exchange whose founder, **Sam Bankman-Fried (SBF)**, was convicted of fraud and sentenced to **25 years in prison**.

- **FTX paid O'Leary $15 million** to be a brand ambassador, but the funds were **wiped out** when the exchange collapsed in **November 2022**.
- The **fallout from FTX** marked a turning point, leading to **tighter scrutiny** on crypto firms.
- O'Leary now argues that **stronger regulations will prevent similar fraud cases in the future**.

With SBF and other key figures **out of the industry**, O'Leary believes that crypto **is now entering a more mature phase**, where **institutional investors will feel safer entering the market**.

**A U.S. Crypto Reserve: The Next Evolution?**O'Leary also praised **Trump's openness to creating a U.S. crypto reserve**, an idea that has gained traction among policymakers and industry leaders.

- **A Bitcoin-based reserve** would integrate crypto into the **U.S. financial system**, strengthening its position as a **legitimate asset class**.
- Bitcoin could evolve into a **mainstream payment system** and a **recognized investment instrument**, further expanding the sector's role in the **American economy**.

>

> **"This will allow cryptocurrency to integrate into American financial services faster,"** O'Leary stated.

If implemented, this move could **accelerate the institutionalization of Bitcoin**, making it a **core asset alongside gold and U.S. Treasuries**.

**O'Leary's Cautious Stance on Digital Assets**While O'Leary supports **Bitcoin's growing role in finance**, he remains **skeptical about most digital assets**, arguing that many **lack real utility** and will eventually lose value.

- **Bitcoin and select assets** with real adoption will **survive and thrive**.
- **Low-volume, low-volatility tokens** will **fade into irrelevance**.

This aligns with **his past critiques of the crypto industry**, where he has warned against **speculative investments in unproven projects**.

**Final Thoughts: The End of Crypto Anarchy?**O'Leary's comments reflect **a shifting narrative in crypto**, where **regulation is no longer seen as a threat but as a pathway to institutional growth**. Under Trump, the U.S. **may embrace Bitcoin strategically**, setting the stage for a more **structured and regulated** crypto economy.

With **fraudulent actors removed** and **institutional demand rising**, O'Leary's vision of **a cleaner, regulated, and more mainstream crypto industry** may soon become a reality.

[Kevin O'Leary](/ico-news/tags/kevin-o-leary.html) [cryptocurrencies](/ico-news/tags/cryptocurrencies.html) [Donald Trump](/ico-news/tags/donald-trump.html) [FTX](/ico-news/tags/ftx.html) [Bitcoin](/ico-news/tags/bitcoin.html)