Kevin O'Leary Has a Date in Mind for Crypto Bill Passage: May 15

Get Market Alerts
Weekly insights + SMS alerts
O'Leary's Optimistic Timeline
Shark Tank's Kevin O'Leary is feeling "hopeful" about crypto regulation, and he's even picked a date. Speaking to CoinDesk on Friday, the investor pegged May 15 as the day cryptocurrency market structure legislation will finally cross the finish line.
His reasoning? Congressional staffers are spending roughly 80% of their day working on this bill right now. "I think it has to because these bills are written by staffers," O'Leary explained. That kind of intensive focus typically signals something's about to happen.
The Stablecoin Rewards Showdown
But there's a catch—and it's a big one. O'Leary says the stablecoin rewards issue is responsible for 90% of the ongoing delays and uncertainty. At the heart of the dispute is a clause that could prevent crypto platforms from paying rewards on idle stablecoin balances.
"It's ridiculous that that's not a level playing field," O'Leary said. "It's just unfair, and that's un-American."
He's not alone in that assessment. Galaxy Digital (GLXY) CEO Mike Novogratz sees a potential compromise where rewards would apply to usage but not to balances just sitting there.
Coinbase Throws a Wrench
The drama escalated when Coinbase withdrew its support hours before lawmakers were scheduled to vote on the bill. That withdrawal led to an indefinite postponement of the markup session.
CEO Brian Armstrong has been vocal about demanding a "level playing field" for crypto companies. He's particularly focused on users' rights to earn 3.8% yield on their stablecoins—a feature that traditional banks certainly don't offer on regular deposits.
Meanwhile, Ripple (XRP) CEO Brad Garlinghouse is taking a more pragmatic stance. He's called the legislation a "massive step forward" despite its flaws, urging the industry not to abandon the delayed bill over imperfections.
So we've got one camp saying the bill needs fixing before passage, and another saying any progress is better than none. O'Leary is betting on compromise by mid-May. We'll see if his crystal ball is any better than his Shark Tank investments.
More News

Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.
Circle April 20th on your calendar

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board

TotalEnergies Stock Jumps on Strong First-Quarter Forecast
Get Market News Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Microsoft and Stellantis Are Building 100 AI Tools for Your Car. Here's What That Means.

Trump's Executive Order 14330: What Wall Street Doesn't Want You to Know (Ad)

Schwab's Record Quarter Meets Crypto Rollout, But Stock Takes a Dive

PayPal's Rough Ride: Lawsuits, Scrapped Targets, and a Venmo Bright Spot

A Senator's Magnificent Seven Shopping Spree: Why He's Betting on Microsoft and Nvidia in 2026
Mar-a-Lago Bombshell (Ad)

Navitas Semiconductor Stock Surges 13% After Adding Broadcom Veteran to Board





