Mark Cuban, John Reed Stark clash over the cause of FTX’s collapse

Cuban argued that Japanese regulators — an increasingly Web3 friendly jurisdiction — are an example of a regulator that has done it right.— shot back, saying it “seems a bit of a stretch” to blame the SEC for the collapses of FTX, BlockFi, Celsius, Terra and Voyager, or what he called “dumpster fires.”

The ex-SEC official claimed while the cryptocurrency industry seeks regulatory clarity, whenever rules are promulgated or proposed, “the crypto industry cries foul” and often responds by filing a “flashy legal challenge to its enactment.”

mcuban JohnReedStark SECGov FTX_Official During a heated back-and-forth exchange, Cuban argued that had the SECGov set “clear regulations,” no one would have lost money from its collapse.

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