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Mark Cuban Criticizes SEC’s Regulatory Policies, Prefers CFTC’s Authority

Published 05/11/2024, 01:31 PM
Updated 05/11/2024, 01:45 PM
Mark Cuban Criticizes SEC’s Regulatory Policies, Prefers CFTC’s Authority
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  • Mark Cuban criticizes the SEC and its Chair, Gary Gensler, for their stringent regulatory policies.

  • Cuban asserts that Gensler hasn’t introduced any law that could protect investors from fraud.

  • The television person requests Congress for regulatory clarity and suggests CFTC take over control of the market regulation.

In response to Republican Presidential candidate Donald Trump’s public embrace of cryptocurrencies, American television personality Mark Cuban spotlighted the necessity of clear crypto regulations. Cuban criticized the Securities and Exchange Commission (SEC) and Chair Gary Gensler for their stringent and non-comprehensive regulatory policies.

Cuban pointed out that cryptocurrencies have become a “mainstay with younger and independent voters.” However, he added that the SEC hasn’t introduced any policies tha…

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