Mark Cuban Slams SEC Chair Gary Gensler for His Take on Crypto
The entrepreneur has criticized SEC Chair Gary Gensler for proposing to treat digital assets the same way as the regular capital markets in his latest op-ed for Wall Street Journal. Cuban suggested that the SEC needs to publish “bright line guidelines” in order to make it work.
The U.S. Securities and Exchange Commission has recently filed lawsuits against multiple crypto giants including Ripple and Coinbase. As a result, the crypto community has been lambasting the SEC for its anti-crypto approach and even tried to remove SEC Chair Gary Gensler through a petition.
Earlier this month, Mark Cuban himself has also been sued for tricking Americans to participate in an alleged Ponzi scheme. He promoted crypto lender Voyager Digital which later went bankrupt and caused investors to lose around $5 billion. Cuban still hasn’t responded to these allegations.