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According to Coindesk, venture capitalist Kevin O’Leary said he was looking to throw FTX a lifeline hours before the crypto exchange filed for bankruptcy, only to be thwarted by comments from U.S. Securities and Exchange Commission Chairman Gary Gensler. Gensler said the crypto industry was “significantly non-compliant” and in need of more regulation. O’Leary said: “There was no way to get that $8 billion onto the balance sheet of FTX with the regulators hovering overhead.”

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【Kevin O’Leary says comments from Gensler killed his attempts to help save FTX】According to Coindesk, venture capitalist Kevin O’Leary said he was looking to throw FTX a lifeline hours before the crypto exchange filed for bankruptcy, only to be thwarted by comments from U.S. Securities and Exchange Commission Chairman Gary Gensler. Gensler said the crypto industry was “significantly non-compliant” and in need of more regulation. O’Leary said: “There was no way to get that $8 billion onto the balance sheet of FTX with the regulators hovering overhead.”

Kevin O’Leary says comments from Gensler killed his attempts to help save FTX

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