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Billionaire Mark Cuban: FTX crash could have been avoided if SEC chairman wasn't Gary Gensler

Billionaire investor Mark Cuban said he told Vice President Kamala Harris's cryptocurrency adviser at lunch that the FTX crash could have been avoided if the SEC's chairman had not been Gary Gensler.。Mark Cuban points to Japan's regulatory framework for cryptocurrency businesses, which requires crypto companies to provide collateral for digital assets held by customers, as a model to prevent the crisis that will rock the industry in 2022.。Cuban believes companies like FTX and Three Arrows Capital would not have collapsed if SEC Chairman Gary Jensler had been able to act like Japan。He criticized the SEC's reliance on litigation enforcement rather than aggressive regulation for the crypto industry.。

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