Mark Cuban has long been a vocal critic of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, over the regulator’s hostile approach to regulating the crypto industry. But only last week did the two men actually meet face to face in a CNBC green room—an experience that Cuban says was illuminating. 

“I told [Gary] this: You’re screwing the whole thing up, you’re pushing industries overseas,” Cuban said in an interview with Farokh Sarmad of Rug Radio, a sister company of Decrypt. “And honestly, I don’t think he got it.”

The billionaire entrepreneur elaborated that it seemed like Gensler genuinely did not understand why the SEC’s “regulation by enforcement” approach to digital assets has been so unpopular. It appeared instead, Cuban said, like Gensler perceived himself as someone fighting a valiant battle against a nefarious new threat. 

“I think he’s trying to be this public servant that’s saving the world,” Cuban said. “I think he’s got some of that Elizabeth Warren in him.”

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Author: Sander Lutz