💥**Mark Cuban made a shocking speech: The US SEC's regulatory mistakes could have avoided the collapse of FTX! **💥
Billionaire investor Mark Cuban recently said at lunch that he believes that if it were not for the governing style of SEC Chairman Gary Gensler, the collapse of FTX, the crypto giant, might not have happened at all! 😲🔍
🔻**He pointed out that the current regulatory strategy in the United States focuses on "litigation enforcement" rather than setting positive regulatory rules for the market. **It's like a referee who only blows the whistle but doesn't set rules for the game! In contrast, Japan's approach to the cryptocurrency field appears to be more rational and effective: requiring crypto companies to establish a guarantee mechanism for customer assets to ensure the safety of user funds. 🇯🇵🔐
🔥Cuban believes that **if the United States can introduce a regulatory framework similar to Japan's, "falls" like FTX and Three Arrows Capital (3AC) will not occur frequently. **However, the United States missed the opportunity to prevent crises due to regulatory chaos! 😓
🎯 Summary of views: Reasonable regulation can truly protect the market!
1️⃣ Litigation-driven regulatory model will only make the problem worse: suppression will not make the market more compliant, but will make it more difficult for projects to operate legally.
2️⃣ A positive regulatory framework is the root of preventing a collapse: if there is a perfect system before the collapse, investors and companies can develop with peace of mind, rather than looking for someone to "take the blame" afterwards!
3️⃣ **Missed the opportunity, regulators need to reflect! **👈
🗣 **Do you think Cuban's words make sense? Should the US SEC change its mindset towards the crypto market? **Welcome to exchange in the comment area! 👇💬
