tldr; Mark Cuban told Vice President Kamala Harris’ crypto advisor that the FTX collapse could have been avoided with different SEC leadership. He criticized SEC Chair Gary Gensler’s approach, advocating for proactive regulation like Japan’s, which requires crypto businesses to collateralize customer assets. Cuban highlighted Japan’s framework as a model that could have prevented the crisis. His comments come amid political tensions over crypto regulation, with differing views between Trump and Harris on fostering a crypto-friendly environment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Mark Cuban told Vice President Kamala Harris’ crypto advisor that the FTX collapse could have been avoided with different SEC leadership. He criticized SEC Chair Gary Gensler’s approach, advocating for proactive regulation like Japan’s, which requires crypto businesses to collateralize customer assets. Cuban highlighted Japan’s framework as a model that could have prevented the crisis. His comments come amid political tensions over crypto regulation, with differing views between Trump and Harris on fostering a crypto-friendly environment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
mark cuban needs to suck my dick.