Mark Cuban: SEC has not learned from Mt.Gox incident and still believes that the registration process alone is sufficient to protect investors

Odaily News Billionaire and crypto-friendly Mark Cuban posted on the X platform that Japan learned from the Mt.Gox incident and reformed the regulatory system so that when the biggest failure in the history of cryptocurrency occurs, it will not harm Japanese stakeholders. In contrast, the US SEC did not learn from the Mt.Gox incident, and they still believe that the registration process alone is enough to protect investors. They will only take action after the fact, such as the FTX incident. Cuban emphasized Japan's practice of providing opportunities for entrepreneurs to promote innovation. He believes that the US SEC has done a poor job in protecting investors from fraud and hopes that crypto finance will be fully regulated like current financial institutions.