Mark Cuban says the SEC and Gary Gensler are leaving crypto startups to die.
Mark Cuban has commented on the SEC’s attempts to regulate the crypto industry. Cuban argued that the regulator should create a simple registration system for exchanges and tokens without hindering initiatives.
Mark Cuban Evaluates SEC’s Initiative to Regulate the Crypto Market
Billionaire investor Mark Cuban said the Securities and Exchange Commission’s approach to crypto has left entrepreneurs and startups on their own without clear guidance.
Cuban strongly condemned the complex rules that beginners, especially those on the Web3, must follow. He proposed to the SEC and Congress to create a basic registration system for tokens and exchanges that could enable startups and industry giants alike, while ensuring investors’ protection.
Cuban used the following statements in his statements:
“The time has come for Congress to respond again and change the exemptions offered to this technology so that registration is open and the path to the stock market can be made in a way that protects investors and drives industry growth. These are not mutually exclusive things.”
Cuban shared his assessments and comments on the SEC and Gensler’s stance.
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