Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes mistakes,” the billionaire stressed, adding that if the SEC had taken a similar approach to Japan, no one in the U.S. would have lost money when the crypto exchange FTX collapsed.
Mark Cuban Criticizes SEC and US Crypto Regulation
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has slammed the U.S. Securities and Exchange Commission (SEC) for choosing a wrong path to regulate the crypto sector.
Many crypto proponents have criticized the SEC and its chairman, Gary Gensler, for taking an enforcement-centric approach to regulating the crypto sector. The securities regulator recently took action against major crypto exchanges, including Coinbase and .
Cuban emphasized that the SEC “chose to litigate to regulate.” He stated
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