Billionaire entrepreneur Mark Cuban has taken a direct jab at the US Securities and Exchange Commission, in a move that has ignited a fresh wave of discussions surrounding the regulation of crypto assets.
Cuban’s criticism stems from what he perceives as the SEC’s persistent ambiguity in addressing the evolving landscape of cryptocurrencies.
This challenge comes hot on the heels of Gemini’s response to the SEC’s complaint against the crypto exchange, further intensifying the debate over the regulatory framework for digital assets.
Gemini Vs. SEC
At the heart of this controversy lies Gemini, a prominent crypto exchange, and its battle against the SEC’s lawsuit targeting the platform’s Earn program. The program had allowed customers to lend their digital assets to crypto firm Genesis, generating interest in return.
Gemini’s lawyer, Jack Baughman, minced no words in his description of the SEC’s legal action as…
