Mark Cuban Slams Gary Gensler For Making Crypto Regulations ‘So Difficult:’ ‘If He Had Followed The Same Rules That Japan Did, FTX Would Still Be In Business’
Billionaire investor Mark Cuban has voiced strong criticism against Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), for making overly complex regulations for cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and others. During an appearance on the All In Podcast, Cuban argued that Gensler’s regulatory approach is hindering the growth of the crypto industry.
What Happened: Cuban highlighted the challenges faced by small companies in complying with SEC regulations. He recounted his own experience with his company, lazy.com, where he attempted to release a token but found the process prohibitively expensive and complicated. Cuban stated that the current regulatory framework is not feasible for businesses with limited revenue.
“What happens is, Gary Gensler is making it so difficult to register, and what he should be doing is saying, here’s the bright line: regulations.”
Cuban explained that …
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