David Rubenstein, co-founder of Carlyle Group, admitted to making individual investments in crypto companies and talked about crypto regulations.
Rubenstein spoke about the regulations, saying that he did not expect overly strict regulations from the US Congress.
Rubenstein Positive About Crypto Regulations
Speaking to CNBC’s Squawk Box, billionaire David Rubenstein said he believes government regulation will be positive for the industry and that the US Congress will take a collaborative approach to boost the innovation landscape in the country.
On the subject, Rubenstein said:
“Crypto constituencies tend to be very strong in congress and very Republican or libertarian. The industry is unlikely to be tolerant when dealing with members of Congress.”
It was learned that Rubenstein, who was previously skeptical about cryptocurrencies, changed his mind months ago. “I didn’t buy cryptocurrencies, but I bought companies that serve the industry because the genie is out of the bottle,” Rubenstein said on Colossus’ podcast, is more welcoming to the crypto industry.
Rubenstein echoed his new point of view and said:
“Some of the blockchain-related investments and crypto-related things will probably be with us for a while.”
Additionally, he continued:
“Young people have the intelligence and energy to start a trend”
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