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1 Comment
tldr; Mark Cuban has advocated for the Commodities Futures Trading Commission (CFTC) to regulate all aspects of the cryptocurrency industry, urging the U.S. Congress to provide regulatory clarity before the 2024 presidential election. He believes this move could secure a second term for President Joe Biden by addressing the crypto community’s concerns. Cuban criticized the SEC and its Chair Gary Gensler for their stringent regulatory approach, which he claims has made it difficult for legitimate crypto companies to operate in the U.S. He suggests that the CFTC would be a better regulatory body for the crypto industry, highlighting the need for industry-specific registration and regulation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.