Kevin O'Leary Attributes Crypto Sell-Off to Regulatory Delays, Urging CLARITY Act Passage

Institutional hesitation stemming from regulatory uncertainty is driving the broader cryptocurrency market downturn, according to investor Kevin O'Leary. Speaking to FINTECH TV, O'Leary stated that institutional adoption has stalled as corporate compliance teams await clear legal frameworks, even as his own holding companies use USDC for treasury management and cross-border settlements. He called on U.S. lawmakers to pass the CLARITY Act following an earlier failed Senate vote in September. Prediction platform Kalshi currently reflects a 25% probability of major crypto legislation passing by 2027, as Bitcoin traded around $73,482.