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Cryptoknowmics 2022-08-23 14:20:15

Mark Cuban Urges SEC to Publish Comprehensive Guidelines for Crypto

Billionaire Mark Cuban recently slammed the U.S. Securities and Exchange Commission’s (SEC) regulatory strategy in a tweet. Cuban has requested that the government release “bright line regulations” to discuss them. Come in and talk to who ? Set up an appointment how ? You using Calendly these days ? Since you understand crypto lending/finances, why don't you just publish bright line guidelines you would like to see and open it up for comments ? — Mark Cuban (@mcuban) August 22, 2022 SEC Sued Blockchain Company Ripple The Dallas Mavericks owner remarked in response to a recent op-ed by SEC Chair Gary Gensler for the Wall Street Journal. After the SEC sued blockchain company Ripple, the “regulation by enforcement” strategy of the organization came under scrutiny. Despite the novelty of the technology, Gensler contends that securities regulations ought to be applied to Bitcoin holdings. He compared cryptocurrencies to cars, which still have basic safety measures despite technological advancements in the auto industry. Blockchain Bridges The enormous solidity codebase and several attack vectors that could be utilized to hack the bridge must first be overcome by developers. Bridges on the blockchain have grown to be one of the most popular targets for hackers, costing them billions of dollars in cryptocurrency. North Korean hackers are suspected of stealing $625 million from Axie Infinity’s bridge early this...

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