OKX Hit by Crypto Theft Due to SMS Notification Security Fail

Mark Cuban: SEC Inadequate for Crypto Regulation

Mark Cuban: SEC Inadequate for Crypto Regulation

Amidst profound uncertainty, the cryptocurrency community anxiously monitors regulatory shifts from the U.S. Securities and Exchange Commission (SEC). Billionaire Mark Cuban has vehemently criticized the SEC chair, contending his failure to protect investors from fraud.

Cuban Wants SEC to Handover Charge to CFTC

Billionaire businessman Mark Cuban has strongly criticized SEC Chair Gary Gensler and the New York SEC, threatening possible repercussions in the next election if the current regulatory tendencies continue.

Cuban underlined the growing influence of crypto-savvy voters, particularly among younger and independent populations, saying that failing to address their concerns could affect election outcomes.

Related articles

In his speech, Cuban accused Gensler of failing to protect investors against fraud. He condemned governmental efforts that inhibit legitimate crypto enterprises, potentially resulting inusiness closures and entrepreneurial defeats.

Calling Congress to take action, Cuban proposed legislative measures to establish clear regulatory frameworks tailored to the crypto industry. He underlined how crucial it is to provide regulatory clarity. He suggested giving the Commodities Futures Trading Commission (CFTC) authority over cryptocurrency regulation to ensure efficient oversight.

Cuban’s statement reminds us of the growing importance of crypto-related issues and their potential influence on political landscapes as election season draws near.

The New Front in the Battleground Is Crypto

Gary Gensler and the Biden administration have remained in place regarding crypto rules. The cryptocurrency community feels that the SEC unnecessarily adopted a dominant position in the industry, hindering innovation after losing the Debt Box case. Other crypto community members have also emerged in support of Mark Cuban. Billy Markus, a co-founder of Dogecoin, also criticized the Biden administration. 

if joe biden loses it’s likely due to joe biden being a horrible president in every single conceivable way

— Shibetoshi Nakamoto (@BillyM2k) May 10, 2024

Furthermore, Republican presidential candidate Donald Trump has expressed his support for the cryptocurrency community, assuring a lenient stance. During his latest speech, Trump declared, “If you appreciate crypto in any guise—and its varieties are manifold—you ought to vote Trump.”

Interestingly, the previous President, Donald Trump, initiated Mugshot NFTs, making them Bitcoin Ordinals.

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

Sign Up for Our Newsletter!

Hidden

Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page (https://www.gravityforms.com/the-8-best-email-plugins-for-wordpress-in-2020/). Important: Delete this tip before you publish the form.
(Required)

Related Posts

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice

mBit

Inmerion

Marsbet

Press Releases

Related Posts