Mark Cuban: The SEC Could Recognize Any Token as a Security

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Mark Cuban, an American financier and TV presenter, has spoken out against the Securities and Exchange Commission (SEC) for their lack of a system classifying digital currencies.

He believes investors are taking on a large risk as the SEC can identify any token as a security and charge the issuer or exchange of not having the proper license for it.

The SEC’s lawsuit – which lists Binance Coin (BNB), Polygon (MATIC), Cardano (ADA) and Solana (SOL) as potential unregistered securities – was also subject to criticism by Cuban via his Twitter account.

He has argued that the SEC is having double standards which is causing major issues for both the industry and itself.

To combat these issues, Cuban suggested the development of criteria that token issuers can adhere to, in order to protect investors and keep operations within the cryptosphere more transparent.