• About Us
  • Careers
  • Contact
No Result
View All Result
Sunday, August 3, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Mark Cuban Accuses U.S. SEC of Stifling Innovation and Growth in the Crypto Industry

13 May 2024
in Latest News, News
Reading Time: 3 mins read
100 8
Mark Cuban Accuses U.S. SEC of Stifling Innovation and Growth in the Crypto Industry

source: incafrica.com

In a scathing critique of the U.S. Securities and Exchange Commission (SEC), billionaire investor and entrepreneur Mark Cuban accused the regulatory agency, led by Chair Gary Gensler, of intentionally stifling innovation and growth in the cryptocurrency industry.

Cuban’s remarks, shared on the social media platform X, highlighted the growing tensions between regulators and industry players over the regulatory framework for digital assets.

According to Cuban, the SEC’s approach to regulating cryptocurrencies involves excessively burdensome and impractical registration requirements. These requirements, he argued, deter legitimate businesses from operating in the space, hindering innovation and growth. Cuban further criticizes the SEC’s reliance on litigation as a regulatory tool, which he believes creates a hostile environment for crypto startups and investors.

“The process to register can take securities lawyers hundreds of hours, and even then, approval is uncertain,” Cuban lamented in his post.

Cuban contended that the SEC’s strict regulatory regime has led to a proliferation of “junk tokens” alongside legitimate projects, exposing investors to fraud and deception. He asserted that the agency’s reluctance to streamline the registration process reflects a deliberate attempt to suppress innovation and competition in the industry.

“The crypto industry seeks a streamlined registration process to promote compliance and filter out speculative noise,” Cuban asserted. “However, the SEC’s approach makes compliance so expensive and difficult that junk tokens coexist with legitimate companies, leaving investors unable to differentiate.”

Moreover, Cuban warns of potential political consequences for the Biden administration and congressional lawmakers if the regulatory status quo continues. He suggested that failure to address the concerns of crypto voters could impact elections, particularly among younger and independent demographics who view cryptocurrency as a significant issue.

“If @joebiden loses, @GaryGensler and the @NewYork_SEC may bear responsibility,” Cuban cautioned. “Crypto voters’ voices will be heard in this election.”

Cuban’s criticisms arise amid escalating tensions between the crypto industry and regulators, with stakeholders increasingly calling for clarity and proportionate regulation.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CubanFTXJoe BidenUS SEC Mark
Share63Tweet39Share11
Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

Crypto Hacks Surge to $142M in July, CoinDCX Suffers Largest Breach
Crime

Crypto Hacks Surge to $142M in July, CoinDCX Suffers Largest Breach

1 August 2025
Solv Protocol Launches BTC+ Vault to Tap Into $1T of Idle Bitcoin for Institutional Yield
Bitcoin

Solv Protocol Launches BTC+ Vault to Tap Into $1T of Idle Bitcoin for Institutional Yield

1 August 2025
Coinbase Misses Q2 Estimates Despite YoY Revenue Growth, Shares Dip 6%
Crypto

Coinbase Misses Q2 Estimates Despite YoY Revenue Growth, Shares Dip 6%

1 August 2025
Visa Expands Stablecoin Support to Boost Scalable Global Blockchain Payments
News

Visa Expands Stablecoin Support to Boost Scalable Global Blockchain Payments

1 August 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

1 day ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

2 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

3 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

4 days ago

How Coinshift Is Progressing the Stablecoin Space

4 days ago

Virtual Land Markets in 2025: Price Trends & Utility Breakdown

4 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

byGuest Author
1 August 2025
0

Hamieverse Taps Abstract to Power Its Debut Blockchain Game and Purpose-Driven Ecosystem

bychainwire
1 August 2025
0

Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

bychainwire
1 August 2025
0

Meme Coin ‘$SATOSHI’ Heralding the Return of Satoshi Nakamoto’s Vision Launches First Presale

bychainwire
1 August 2025
0

10 Years of Ethereum : ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

bychainwire
31 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00