Mark Cuban Predicts Crypto Apocalypse: 90% Of Companies Will Go Broke
Tech behemoth Mark Cuban and former Securities and Exchange Commission (SEC) official John Reed Stark engaged in a heated exchange over the ongoing regulatory crackdown on the crypto industry.
The discussion was sparked by the recent temporary restraining order (TRO) hearing against Binance, which sought to freeze all of the exchange’s U.S. assets.
Cuban And Stark Clash Over Judge’s Remarks In Binance Case
Cuban argued that not all crypto businesses with tokens or considering using tokens are large “enterprises,” as Stark had assumed. He pointed out that most crypto applications are small, with only a few people involved.
He also shared his experience of a small company that had called the SEC for guidance on getting registered.
