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Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday.

(CNN) - Entrepreneur Kevin O'Leary, who is best known for his appearance in the hit TV show "Shark Tank," was involved in a nighttime boating accident that left two people dead, his agent told CNN. O'Leary was a passenger in a boat when it collided with another, his agent Jay Sures said. Sures told CNN that O'Leary's wife, Linda, was driving at the time. A passenger in O'Leary's boat was also injured. Wonderful on "Shark Tank," O'Leary co-founded the software Softkey, now known as The Learning Company.

LOS ANGELES, CA - NOVEMBER 22: Entrepreneur Kevin O'Leary attends the 2015 American Music Awards at Microsoft Theater on November 22, 2015 in Los Angeles, California. (Photo by Mark Davis/Getty Images)"Shark Tank" star Kevin O'Leary was involved in a boating accident in Ontario, Canada, that left one man dead and a woman hospitalized in critical condition. The crash happened around 11:30 p.m. Saturday on Lake Joseph, according to the Ontario Provincial Police. The man on the other boat, a 64-year-old from Florida, was killed, according to Ontario police. According to TMZ, O'Leary owns the boat involved in Saturday's collision.