The SEC made it impossible to know which token securities are: Mark Cuban
The SEC made it impossible to know which token securities are: Mark Cuban
The American businessman, philanthropic and television presenter Mark Cuban criticized the US stock exchange regulator SEC (Securities and Exchange Commission) for the provision of misleading guidelines for which digital currencies could be categorized as securities.
The authority was not friendly to the cryptos sector and recently submitted complaints against two of the greatest stock exchanges-bony and coin base. It was also said that some leading digital assets, including BNB, SOL, ADA and Matic, act as non -registered securities.
The SEC treats Krypto differently
The billionaire and owner of the Dallas Mavericks-Cuban-is another person who believes that the Commission has not done enough to properly monitor and determine the cryptocurrency sector, which tokens are considered to be securities and which are considered goods
in one of his last Twitter Contributions He claimed that the public statements of the supervisory authority on this topic deviate from the official position on their website. Cuban added that the detailed guidelines do not provide any information about "what is and what is not in the crypto universe". He went further and explained that even with "an army of securities lawyers", one was unable to find out the status of the various digital currencies. The American believes that the SEC measures two levels when it comes to crypto and other financial aspects. He Last week the agency led by Gary Gensler as "Ougerta" and required additional transparency. In contrast to the area of digital assets, however, it did not categorize securities as "stock loans" and did not submit any complaints against brokers or banks. "You should do the same with crypto to find out which aspects of crypto securities are and which are not, and to find the best way to regulate the industry and protect investors." I think your different approach is a symbol for your intentions for one industry towards another, ”he concluded. The unfriendly attitude of the agency towards the industry tightened last week. For the beginning it is sued The world's biggest cryptocurrency exchange-Binance, the CEO-Changpeng Zhao (CZ) and the American subsidiary of the company-Binance. The main allegation is that the platform "operated non-registered national securities exchanges, broker dealers and clearing points". According to the regulatory authority, Binance's non-licensed products include certain loan offers, a stacking program, the native token BNB and a fiat-based stable coin bus. The S Continuation With another lawsuit against Coinbase a day later. It was claimed that the latter acted as a broker, national security exchange and clearing point without having obtained the necessary approval. It also claimed that well-known cryptocurrencies such as Solana (Sol), Cardano (ADA) and Polygon (MATIC) are securities, and accused coinbase to offer trade services. "Coinbase has made his interest in increasing his profits about the interests of investors and about compliance with the laws and regulatory framework that regulates the securities markets," said the Commission. It is worth noting that the CEO of Binance-Changpeng Zhao-and the CEO of Coinbase-Brian Armstrong-remained unimpressed by the allegations. The previous tweeted its signature number-"4"-asks his supporters not to trust fake news or misleading information. Armstrong on his part called preserver-spaces = "true"> his stock exchange would be "proud" to represent the crypto sector in his SEC court dispute, " To do. “ .
Mark Cuban, CNBC
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