Billionaire investor Mark Cuban has lambasted the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for the agency’s unclear regulations, claiming they make it “near impossible” for crypto investors and businesspeople to get clarity from the regulator.
Cuban was responding to Gensler’s recent Wall Street Journal op-ed, in which the SEC boss once again reiterated his focus on investor protection. In the op-ed, Gensler wrote that “there’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology.”
“The SEC will serve as the cop on the beat. As with seat belts in cars, we need to ensure that investor protections come standard in the crypto market,” Gensler added.
Cuban, however, wondered how exactly investors and crypto firms are supposed to communicate with the SEC.
“Come in and talk to who ? Set up an appointment how ? You using Calendly these days ? Since you understand crypto lending/finances,...
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