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Mark Cuban slams Gary Gensler’s crypto rules: ‘The problem is not us, it’s you’
The post Mark Cuban slams Gary Gensler’s crypto rules: ‘The problem is not us, it’s you’ appeared on BitcoinEthereumNews.com. SEC Commissioner Mark Uyeda calls for clear rules for crypto asset disclosures. Mark Cuban and Ethereum co-founder critique SEC’s unclear crypto regulations. Billionaire entrepreneur Mark Cuban has once again taken the public stage to slam Chair Gensler with regard to his handling of cryptocurrency regulation. Taking to X (formerly Twitter), Cuban said, “The issue isn’t that crypto companies don’t want to register. The issue is that it’s like trying to put a square peg in a round hole. It doesn’t fit.” He added, “If no one can register, the problem is not us. It’s you.” Mark Cuban’s dissent Cuban’s remarks stemmed from a statement released by the SEC Commissioner, Mark Uyeda. On the 1st of June, Uyeda emphasized upon “re-registration for Index-Linked Annuities & Registered Market-Value Adjustment Annuities.” Explaining the reason as to why is this interesting, Alexander Grieve, Government Affairs Lead at Paradigm took to X (formerly Twitter) and said, “Because in the footnotes, he calls for updating form S-1 to better-suit crypto’s unique characteristics. First time AFAIK Uyeda has been on record calling for a tailored disclosure regime for crypto assets.” Source: SEC.GOV Taking a dig at SEC Chair Gary Gensler, Grieve noted, “The SEC under a different admin would be a very different place.” For context, S-1 forms, or ‘Registration Statements,’ are filed by potential issuers such as asset managers like BlackRock and VanEck. These forms detail the structure of the funds, their management, and the operations of the proposed ETF product. This recent war against Gensler highlighted how the SEC has been scrutinizing various crypto firms back and forth on regulatory grounds, but hasn’t yet stepped up to provide regularity clarity in the crypto space. Buterin joins the fray It’s important to note that Cuban was not the only one sharing this line of thought. Ethereum’s…
The post Mark Cuban slams Gary Gensler’s crypto rules: ‘The problem is not us, it’s you’ appeared on BitcoinEthereumNews.com.
SEC Commissioner Mark Uyeda calls for clear rules for crypto asset disclosures. Mark Cuban and Ethereum co-founder critique SEC’s unclear crypto regulations. Billionaire entrepreneur Mark Cuban has once again taken the public stage to slam Chair Gensler with regard to his handling of cryptocurrency regulation. Taking to X (formerly Twitter), Cuban said, “The issue isn’t that crypto companies don’t want to register. The issue is that it’s like trying to put a square peg in a round hole. It doesn’t fit.” He added, “If no one can register, the problem is not us. It’s you.” Mark Cuban’s dissent Cuban’s remarks stemmed from a statement released by the SEC Commissioner, Mark Uyeda. On the 1st of June, Uyeda emphasized upon “re-registration for Index-Linked Annuities & Registered Market-Value Adjustment Annuities.” Explaining the reason as to why is this interesting, Alexander Grieve, Government Affairs Lead at Paradigm took to X (formerly Twitter) and said, “Because in the footnotes, he calls for updating form S-1 to better-suit crypto’s unique characteristics. First time AFAIK Uyeda has been on record calling for a tailored disclosure regime for crypto assets.” Source: SEC.GOV Taking a dig at SEC Chair Gary Gensler, Grieve noted, “The SEC under a different admin would be a very different place.” For context, S-1 forms, or ‘Registration Statements,’ are filed by potential issuers such as asset managers like BlackRock and VanEck. These forms detail the structure of the funds, their management, and the operations of the proposed ETF product. This recent war against Gensler highlighted how the SEC has been scrutinizing various crypto firms back and forth on regulatory grounds, but hasn’t yet stepped up to provide regularity clarity in the crypto space. Buterin joins the fray It’s important to note that Cuban was not the only one sharing this line of thought. Ethereum’s…
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