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• Kevin O’Leary of “Shark Tank” fame is concerned with the lack of crypto regulation in the U.S. and believes policy needs to be implemented for a safe and sound industry.
• O’Leary noted that crypto companies should switch from carbon offsets to cleaner energy sources, such as hydro or nuclear power.
• Elon Musk also chimed in about the need for more energy-efficient mining solutions.

Kevin O’Leary’s Attitude Towards Crypto Regulation

Kevin O’Leary, one of the stars of „Shark Tank“ is worried about how the U.S. government is dealing with cryptocurrency regulations. He believes that policy must be put into place in order to ensure a safe and sound industry for everyone involved, instead of just taking fast action like they are currently doing. In addition, he calls for crypto companies to switch from carbon offsets to cleaner energy sources such as hydro or nuclear power in order to reduce their environmental impact on the planet.

O’Leary’s Opinion on Energy Usage

O’Leary is adamant that if crypto companies don’t start using cleaner energy sources, the planet will suffer heavily due to their activities. He was so convinced by this fact that he sold all his shares in a company that used carbon offsets when he realized what was happening and saw „the writing on the wall.“ Elon Musk also weighed in on this issue, wanting Tesla customers to be able to buy vehicles with bitcoin which caused its price to shoot up significantly upon announcement of this news earlier this year.

The Need For Policy

O’Leary believes that all the U.S needs when it comes to cryptocurrency regulation is policy implementation rather than anything fancy or special from federal government intervention or development projects aimed at innovation within crypto industries specifically – something which he does not think necessary given current market conditions are sufficient enough already without any extra help required from them at this point in time either way . Rather, multiple stable coins backed by USD would be allowed by authorities ,with each licensed entity competing against each other openly within said market afterwards instead .

Cleaner Energy Sources Needed

In order for these entities (or any other existing ones)to survive long-term however, O’Leary suggests switching over from current usage of carbon-based resources towards much more efficient renewable options being available today (such as hydropower & nuclear). This opinion has been echoed by numerous other influential figures throughout recent times too ,as reports have surfaced showing how much higher amounts of electricity mining activity now requires compared even compared most developing countries around world right now – all due directly related reasons exclusively as well .

Conclusion: Change Is Needed

To conclude then overall , both Kevin O’Leary & Elon Musk agree that stricter regulations & policies need creating regarding cryptocurrencies use and distribution globally today ,with an emphasis placed particularly upon ensuring clean energy solutions become adopted across entire sector sooner rather than later too . If this doesn’t happen soon enough unfortunately though , then its likely consequences far down line will see detrimental effects felt across planet we live on eventually – making it essential changes needed here occur shortly if we want avoid worst scenarios occurring further along down line still unfortunately .