{"id":408289,"date":"2023-06-16T20:02:20","date_gmt":"2023-06-16T20:02:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=408289"},"modified":"2023-06-16T20:02:41","modified_gmt":"2023-06-16T20:02:41","slug":"billionaire-investor-mark-cuban-argues-crypto-regulation-with-former-secs-official-john-reed-stark","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/billionaire-investor-mark-cuban-argues-crypto-regulation-with-former-secs-official-john-reed-stark","title":{"rendered":"Billionaire Investor Mark Cuban Argues Crypto Regulation With Former SEC\u2019s Official John Reed Stark"},"content":{"rendered":"

The crypto community witnessed intense arguments recently between the popular billionaire investor Mark Cuban and the SEC\u2019s former official John Reed Stark on Twitter.\u00a0<\/span><\/p>\n

Cuban maintained that crypto is now under the bus due to the regulatory actions of the SEC\u2019s Chair Gary Gensler. <\/span>However, Stark gave a strong defense for the commission and its enforcement actions on the crypto industry.<\/span><\/p>\n

Debate On SEC\u2019s Legal Actions Against Crypto Firms<\/h2>\n

The <\/span>debate<\/span><\/a> between the duo started on June 14, with Stark tweeting about people’s reactions regarding the SEC vs. Binance lawsuit.\u00a0 <\/span>Stark stated that many called on the judge\u2019s position as being skeptical over the SEC\u2019s enforcement action in regulations.<\/span><\/p>\n

On his part, Cuban stated that Stark is being defensive over the recent legal battle the SEC initiated against Binance, the largest global crypto exchange.<\/span><\/p>\n

The billionaire investor mentioned that Stark is misinterpreting the implication of the case on the entire digital assets<\/a> space. He criticized SEC Chair Gensler for his over-the-edge approach to digital asset regulations.\u00a0\u00a0<\/span><\/p>\n

Cuban stated that Gensler is sabotaging crypto startups by using ligations on crypto-related firms and protocols. <\/span>In his earlier argument, Stark mentioned that regulators should treat crypto companies as \u2018large enterprises.\u00a0<\/span><\/p>\n

However, Cuban countered such an opinion, stating that several crypto<\/a> businesses are still small. So, they should not be compelled to hire securities lawyers before they can kick off operations in the industry.<\/span><\/p>\n

Further, Stark reaffirmed his support for the SEC\u2019s legal move against Binance. The former SEC official maintained that the digital assets industry is vast and unregulated.\u00a0<\/span><\/p>\n

He noted the regulatory moves from the commission are the surest approach in sieving bad actors and om promoting transparency in the industry.<\/span><\/p>\n

Best Approach For Crypto Regulations<\/h2>\n

On another line of thought, the debate shifted to the best approach for digital currency regulations. Stark believed that digital assets should be handled as pink sheets or stocks.<\/span><\/p>\n

Cuban brought a <\/span>different opinion<\/span><\/a>, mentioning that crypto tokens could be treated like securities. But the investor suggested that the SEC provide more clarity on its asset guidelines.<\/span><\/p>\n

The billionaire investor believed the crypto space would be like all the early-internet firms while linking the tech world.\u00a0<\/span><\/p>\n

He mentioned that 90% of blockchain firms and 99% of digital tokens might disappear. In his terms, those that will survive are the game changers, replicating tech functionalities.<\/span><\/p>\n

Finally, Cuban expressed his support for crypto, stressing that nobody could display the possible positive impact of digital assets in promoting the global economy.<\/span><\/p>\n

Notably, Mark Cuban is a popular American entrepreneur and investor. In 2017, Cuban <\/span>made<\/span><\/a> his first leap into digital currency by putting Bitcoin as a high pyramid scheme. <\/span>Subsequently, the investor now supports the crypto industry.<\/span><\/p>\n

\n <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto community witnessed intense arguments recently between the popular billionaire investor Mark Cuban and the SEC\u2019s former official John Reed Stark on Twitter.\u00a0 Cuban […]<\/a><\/div>","protected":false},"author":1916,"featured_media":402382,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7598,3943],"class_list":["post-408289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-crypto","tag-sec"],"acf":[],"yoast_head":"\nBillionaire Investor Mark Cuban Argues Crypto Regulation With Former SEC\u2019s Official John Reed Stark - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The billionaire investor believed the Crypto regulations would be like all the early-internet firms while linking the tech world.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Investor Mark Cuban Argues Crypto Regulation With Former SEC\u2019s Official John Reed Stark\" \/>\n<meta property=\"og:description\" content=\"The billionaire investor believed the Crypto regulations would be like all the early-internet firms while linking the tech world.\u00a0\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T20:02:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T20:02:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/making-money-from-cryptocurrency-trading-know-how-your-earnings-are-taxed.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Asad Gillani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asad Gillani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289\"},\"author\":{\"name\":\"Asad Gillani\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/49993983b56f9db439a2d4cffedd001d\"},\"headline\":\"Billionaire Investor Mark Cuban Argues Crypto Regulation With Former SEC\u2019s Official John Reed Stark\",\"datePublished\":\"2023-06-16T20:02:20+00:00\",\"dateModified\":\"2023-06-16T20:02:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289\"},\"wordCount\":469,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/making-money-from-cryptocurrency-trading-know-how-your-earnings-are-taxed.gif\",\"keywords\":[\"Crypto\",\"SEC\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/408289\",\"name\":\"Billionaire Investor Mark Cuban Argues Crypto Regulation With Former SEC\u2019s Official John Reed Stark - 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