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Former blockchain skeptic David Rubenstein is investing in crypto companies

 


David Rubenstein, co-founder of the Carlyle Group, publicly stated on September 2 that he has invested in a number of crypto companies and is optimistic about the regulation of the industry in the United States.


Speaking on CNBC's Squawk Box on Thursday, the billionaire said he believes government regulation is having a positive impact on the industry and that with much cooperation, the US Congress will create an innovative environment in the country.


“The crypto electorate is very strong in Congress and tends to be very Republican or very Libertarian,” he explained. "The industry will not be lenient when dealing with members of Congress."


Rubenstein was previously skeptical about cryptocurrencies and then changed his mind a few months ago . Speaking on the Colossus podcast, he said, "I haven't bought cryptocurrencies, but I have bought companies that serve this industry because I believe the genie has been let out of the bottle."


Rubenstein reiterated his new perspective on Thursday: "Some blockchain-related investments and things related to crypto will probably stay with us for a while." He added:


"Young people have the intelligence and energy to start trends."

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