Crypto Mining: Kevin O’Leary Wants the U.S. to Change Its Attitude

• Kevin O’Leary of “Shark Tank” fame is worried about how the U.S. government is dealing with crypto regulation.
• He believes that the federal government should be focused on creating policy, not innovation, when it comes to crypto.
• O’Leary also believes that mining companies should use renewable energy sources like hydro or nuclear power instead of relying on carbon offsets.

Kevin O’Leary’s Worries About Crypto Regulation

Kevin O’Leary of “Shark Tank” fame has expressed concern about how the U.S. government is handling its approach to crypto regulation. He feels that the focus should be on policy-making rather than innovation, in order to ensure a safe and sound industry for all involved. Additionally, he advocates for mining companies to switch from carbon offsets to renewable energy sources such as hydro or nuclear power in order to reduce their environmental footprint.

O’Leary’s Suggestions For Policy-Making

O’Leary suggests that the federal government license multiple stable coins which are backed by the U.S dollar, so they can compete in the market freely and without interference from regulators. This would allow for innovation within the space while also ensuring safety and security through proper regulations and policies being implemented by governing bodies such as FinCEN and SEC.

Elon Musk’s Attitude Towards Mining

Elon Musk – South African entrepreneur behind companies like SpaceX and Tesla – has voiced his opinion regarding crypto mining’s reliance on renewable energy sources since a few years back when he said he’d stop buying any crypto mined in China due to its poor history with renewable energy (this was before China outlawed crypto and mining activity). Recently, he announced that Tesla customers will be able to buy vehicles with bitcoin – an indication of his positive attitude towards using cryptocurrency as a form of payment method.

The Impact Of Crypto Mining On The Planet

Several reports have been published outlining how much energy is consumed by crypto mining compared to third-world countries or developing countries alike – this has caused many people (including O’Leary) to worry about what kind of impact this will have on our planet if left unchecked or unregulated effectively enough. To address these concerns, there have been calls for more action from governments around the world in regards to regulating cryptomining operations according to their respective laws so as not only protect investors but also safeguard our environment from any damage caused by unsustainable activities like those associated with cryptocurrency mining operations using carbon offsets instead of renewable energy sources such as hydro or nuclear power plants .


In conclusion, it seems clear that both Kevin O’Leary and Elon Musk believe there needs to be stricter regulations surrounding how cryptocurrency companies operate; especially when it comes down to using clean/renewable energies instead of carbon offsets which can cause irreversible damage our planet if left unchecked and unregulated properly enough over time . It remains up for debate whether governments around world will take serious steps towards implementing these types of regulations anytime soon but one thing is certain: if they do not act quickly enough then we may see catastrophic consequences result from unsustainable practices such as those associated with cryptocurrency mining operations going forward into future generations .