Another article about that Venture Capitalist, Mark Cuban, and his calls for Coinbase to go on the offensive against the SEC.
This is the same guy who called for more regulation when he was caught in a rug pull a while back.
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one thing I like about Mark is he's dislike of the SEC. SEC needs to seriously be put in it's place. It's there to protect it's citizens not restrict them. Imagine saying oh hell no every day people can only earn 0.05% in a savings account while inflation is 5% and since your offering something close which is still a stable investment we aren't going to allow you. BS on the SEC seriously I don't think ANYONE likes the SEC anymore.
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The SEC is supposed to stop fraud before it starts, yet it is always behind the ball on them when they occur. Look no further than the Bernie Madoff ponzi scheme which blew up in 2008. The SEC is always late to these things.
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They are always late to the things that matter because they want a huge payout from it. Nearly none of the money is ever returned to investors it's all eaten up by their goonies (lawyers).
His shark tank friend Kevin is coming up with DeFi project and so I am sure cuban would be interested in regulating so that he can clean his hands easily. To be honest cuban sounds not to smart considering he spent money on Titan which is not a proven crypto project out there.
Well I think he prefers regulations because they support the rich (including him).
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Exactly and they can find the rules which favors them if they elect people in regulation team.
Regulations are said to protect the little guy by establishing minimum standards to assure quality, but regulations are put in place as barriers to entry for the little guy to keep the fat cats in their positions.
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^^^ What he said.
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No doubt he has investments on Coinbase AND holds shares. His the numpty that took a risk by buying a shit coin and trying to get in early and pump and dump. Amazing he is upset when he gets caught and isn't able to rek anyone else. Play at your own risk.
Well...I am not surprised since it's going to affect his assets. I wonder if Coinbase is his preferred way to buy crypto.
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He will take the side that will make him more money. That's why I don't like to rely on people like that. You never know when they are gonna flip
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