HomeBitcoinMark Cuban Slams SEC Crackdown on Cryptos.

Mark Cuban Slams SEC Crackdown on Cryptos.

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The Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation has drawn criticism from billionaire investor Mark Cuban.

His remarks were in reaction to those made by Gensler, who maintained that the same regulations governing securities markets will also apply to the cryptocurrency market.

Investor protection is the goal of the statute, according to Gensler.

The wealthy investor attacked the regulations governing the cryptocurrency business for being too ambiguous.

Gensler has stated that the majority of the hazards associated with cryptocurrencies are caused by players in the market who are not compliant, and that the agency is seeking to get businesses to “come in and talk to us.”

Come and speak with whom? How do you set up a date? On Tuesday, Cuban tweeted.

The billionaire also blasted the SEC’s rules as they have been put in place, including the agency’s threat to prosecute Coinbase (NASDAQ:COIN) for providing a USDC/USD stablecoin service at a high interest rate. Then, Cuban urged Coinbase to approach the SEC with vigor.

 

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