O'Leary Ventures Chairman Kevin O'Leary Shares His Outlook on Cryptocurrency

On a recent Fox Business segment, O'Leary Ventures Chairman Kevin O'Leary shared his outlook on cryptocurrency under the Trump administration

Kevin O'Leary, chairman of O'Leary Ventures and host of "The Big Money Show" on Fox Business, shared his perspective on the cryptocurrency industry's evolution under the Trump administration.

Ranging topics from the bipartisan Genius Act to the integration of crypto into mainstream finance, O'Leary highlighted key developments that could reshape the economic landscape in the coming year.

Optimism for Crypto Integration with Trump’s Bipartisan Push

"We’re moving beyond the Wild West era of crypto into a phase of structured growth,” O'Leary stated on a recent Fox Business segment.

Pointing to a shift from litigation to legislation, he highlighted the bipartisan Genius Act—formerly the Stablecoin Act—which is expected to be signed by Trump within months. This legislation, focused on digital payment systems rather than Bitcoin (BTC), could enable platforms like Robinhood (HOOD), WonderFi, and Coinbase (COIN) to offer cheaper money transfers.

This, in turn, would disrupt traditional banking and boost productivity across all 11 economic sectors, potentially establishing crypto as a twelfth sector within years.

Anticipating Market Infrastructure Laws and 'Picks and Shovels' Opportunities

"We’re also going to see, hopefully, market infrastructure laws to classify tokens like Ethereum (ETH) as either commodities or securities this year, which is desperately needed," stated O'Leary.

For skeptical investors, he suggested beginning with “picks and shovels” opportunities—exchanges like Coinbase, Robinhood, and WonderFi, where he holds positions—anticipating increased activity once regulations solidify.

"I prefer to look at the exchanges first. Maybe don’t go straight into Bitcoin yet. I think we’re going to get there."

"This is a critical year for integrating crypto into mainstream finance, and I think we’re going to see President Trump continue his pro-crypto stance and push for bipartisan support," he concluded.

The conversation unfolded further when the moderator brought up comments from a Treasury Department adviser, who highlighted inefficiencies at the IRS.

The adviser mentioned a disconnect between leadership and staff at the IRS, and spoke of wasteful contracts worth tens of millions with no clear purpose.

In response to the moderator's note about the IRS being thirty years behind technologically and $50 million over budget, O'Leary refrained from harsh criticism but acknowledged the agency's outdated systems as part of a broader governmental issue.

"I think we need to upgrade the IRS’s software from the 1970s to improve efficiency, which aligns with the Trump administration’s Department of Government Efficiency (DOGE) efforts and broader calls for federal agency improvements this year."

He suggested that upgrading the IRS’s decades-old software could help.

"We, the taxpayers, are going to benefit from this. It’s tax season now, and I’m still trying to sort out my taxes from last year."