Mark Cuban, billionaire investor, has recently tweeted his discontent with the Securities and Exchange Commission (SEC) for filing lawsuits against Coinbase and Binance, calling for the US digital currency market to be legalized.
This lack of regulation has caused dApps developers to seek refuge in other jurisdictions out of fear from potential repercussions from US regulators, mainly for smaller teams.
Cuban continued to address the issue of digital currency, stating that 99% of tokens will fail, similar to how tech companies experienced a bubble burst in the early 2000’s, and that the winners will be those who create new rules for the game.
