Billionaire investor Kevin O'Leary said that Wall Street's tokenization boom is mostly overblown until the U.S. Congress prepares regulatory legislation. According to CoinDesk, he said at Consensus 2026, "Bitcoin is still a niche asset, and institutions will not adopt it without federal-level regulatory clarity. Tokenization technology is an innovative technology that can shorten settlement times and reduce costs, but institutions need legal certainty before committing capital. In fact, stablecoin adoption has increased dramatically after the stablecoin regulation bill GENIUS was passed. Institutional investors are mostly interested in Bitcoin and Ethereum and have little interest in other altcoins. The corporate adoption of blockchain platforms in the future will be the industry's key competitive advantage."
