Mark Cuban shows support for the crypto community.
Former SEC cyber chief Robert Cohen says SEC’s classification of crypto as securities seems random.
The SEC filed a lawsuit against Binance and Coinbase.
Mark Cuban, renowned billionaire, co-host of Shark Tank, and owner of the Dallas Mavericks basketball team, recently retweeted an article that discusses former SEC cyber chief Robert Cohen’s critique of current SEC chair Gary Gensler regarding his actions against crypto companies.
Cuban’s retweet signifies his support for the crypto industry and his call for clear regulations to be established in the United States. The SEC’s recent actions have led to the departure of numerous crypto exchanges from the country.
The article shared by Cuban is based on an interview with Cohen conducted by crypto podcaster Laura Shin. The interview took place after the SEC filed charges against prominent U.S.-based exchanges Coinbase and Binance.US, alleging violations of securities laws.
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