MEXCWill Mark Cuban Speak On Crypto Before US Senate?
Crypto Market News: The unprecedented enforcement actions on crypto businesses in the United States is begging the question as to whether there is need for high level debates between lawmakers and industry experts. That the two of the world’s top crypto exchanges have been targeted in back to back lawsuits by the U.S. Securities and Exchanges Commission shook the crypto market. In this context, John Deaton, the attorney representing XRP holders in the SEC lawsuit, is recommending that Shark Tank investor Mark Cuban should speak on the innovative side of crypto and blockchain before the Senate and House Banking and Financial Services Committees.
Also Read: European Central Bank (ECB) Repeats Interest Rate Decision, Bitcoin Price Sees Relief
Cuban, however, thinks overhyping crypto also has been an equally big problem as the likes of SEC targeting the industry. He believes it’s time for the Congress to step in to resolve the regulatory deadlock. Overall, attracting political action is key in the near term, as we head to the election year in the United States, where it is becoming increasingly clear that crypto could well become a massive election issue.
Mark Cuban Before Senate and House Committees
The Shark Tank investor believes there is need for creating exemptions for the crypto market, for it to go mainstream and contribute to the economy. He shared the example of how the Congress stepped in to make exemptions for mainstream financial markets so that it continues to grow. Hence, Mark Cuban’s appearance before the Senate and House Committees would make it a compelling case for crypto’s future prospects. He explained,
“It’s time for Congress to respond again and modify the exemptions available to this technology (crypto) so that registration is obvious and the path for exchanges are doable in a way that protects investors and enables the industry to grow. They are not mutually exclusive.”
Interestingly, Cuban predicted that a majority of crypto market companies would be nonexistent in the coming future, just as many in the technology sector.
Also Read: Ripple to Help Colombia’s Central Bank Explore CBDC Use Cases
- Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- $2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments
- Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
