Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States.
Speaking with CNBC'S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the U.S. Congress will tak a collaborative approach to boost an innovation environment in the country.
"The crypto constituency is very strong in congress [and] they tend to be very Republican [or] very libertarian," he noted. "The industry is not likely to be soft when dealing with members of Congress."
Previously skeptical about cryptocurrencies, Rubenstein reportedly changed his mind months ago. He told the Colossus' podcast, “I have not bought cryptocurrencies, but I have bought companies that service the industry because I think the genie is out of the bottle.”
Rubenstein reiterated his new perspective on Thursday, saying:...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...