Crypto restrictions are discussed by Mark Cuban and a former member of the SEC

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The wealthy businessman and the veteran law enforcement officer had a heated but civil conversation in which they dissected key themes for the public.

One recent example of productive, peaceful debate about complicated and controversial matters is a Twitter discussion between two major people in the area of finance and technology, entrepreneur Mark Cuban and former SEC officer John Reed Stark.

Both participants gave strong yet civil presentations of their respective positions during the public exchange.

Mark Cuban is a well-known media entrepreneur and tech investor who has collected a billion dollars throughout his career. He is a vocal supporter of blockchain and cryptocurrency.

The question of cryptocurrency regulation was at the centre of the discussion because of its prominence in the current financial climate.

Despite the requests for regulatory clarity, he said that the crypto business often cries foul and resists the implementation of any particular regulatory standards connected to cryptocurrencies.

But Cuban rebutted these arguments from a pragmatic point of view, arguing that it is incorrect to classify all crypto ventures as “enterprises.”

Cuban argued that it was troublesome to impose “enterprise”-level constraints on relatively tiny startup enterprises, drawing an analogy to towns implementing licencing regulations on a lemonade stand.

He also voiced alarm about the potential political fallout from the SEC’s top officials putting their own agendas ahead of the agency’s enforcement priorities.

Also Read: SEC’s Hinman Attacked XRP to Promote Ethereum

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