Mark Cuban Blasts SEC for Failing to Learn from Mt. Gox Collapse

The post Mark Cuban Blasts SEC for Failing to Learn from Mt. Gox Collapse appeared first on Coinpedia Fintech News

In a post on X, Mark Cuban lashed out at the SEC for failing to learn from past events like the Mt. Gox fiasco, which led to its bankruptcy. In contrast, he praised Japan’s regulatory approach and its effectiveness in safeguarding stakeholders. He also criticized the SEC’s post facto actions and their ineffectiveness in preventing scams, labeling them as “really, really bad.” Cuban’s comments come at a time when crypto giants are fighting the SEC over its crypto regulations, highlighting the need for proactive regulatory frameworks to navigate the market dynamics.