According to CoinMeta, renowned investor and guest on the show “Shark Tank” Kevin O ‘Leary’ stated that the problems faced by the crypto industry are far more than just the decline in Bitcoin prices. He pointed out that the lack of regulatory transparency in the United States is one of the biggest issues facing the crypto industry, which hinders large financial companies from adopting blockchain and stablecoin technologies. O’ Leary believes that institutional adoption of cryptocurrencies has slowed down to almost a standstill, with many companies reluctant to invest until the regulations become clearer. He mentioned that his own company has already been using Circle’s USDC in financial management and international settlements, but many other companies are hesitant to follow suit due to the uncertainty of the regulatory environment for their compliance teams. O’ Leary also noted two U.S. bills related to cryptocurrencies: Genius Act and Clarity Act. He said that Genius Act is making progress, but Clarity Act is needed to further clarify the regulatory framework.