MIAMI, FL — Kevin O’Leary says Wall Street’s tokenization boom is mostly hype until Congress finally gives the crypto industry the rules it has been waiting for.

“Tokenization will never be adopted by institutional indexers, ever. Neither will bitcoin, which is still a fringe asset to the big guys,” O’Leary said at Consensus in Miami, arguing that large investors still see most digital assets as uninvestable without clear federal regulation.

Speaking at Consensus Miami 2026, the investor and “Shark Tank” personality argued that regulatory uncertainty is still preventing large financial firms from fully embracing blockchain-based assets.

He said the turning point will come only when the U.S. establishes a formal legal…