Kevin O'Leary Predicts CLARITY Act Will Pass In 2027, Says Tokenization Makes Crypto Regulation An ‘Economic Necessity’

Detailed summary

The investor predicted that by 2027 the conflict in the Middle East would end and the Strait of Hormuz would open.

Investor Kevin O'Leary, popularly known as "Mr. Wonderful," predicted that the Digital Market Asset Clarity Act (CLARITY Act), the stalled bill that would set federal rules for U.S. crypto markets, will pass in 2027 "out of economic necessity."

O'Leary listed the passage of the CLARITY ACT among three predictions for next year. "I'm going out on a limb here," he said on Thursday. He tied his view to tokenization, saying that "Tokenization is a good idea to streamline the financial services system. It's much better than what we have now," he said.

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O'Leary explained that much of the system for moving money was decades old. "Some of the ways we transfer money came from the 60s, and they haven't been upgraded yet," he said.

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