Mark Cuban Believes SECs Attack On Crypto Tokens Won't Work
The US Securities and Exchange Commission is on a roll to label crypto tokens as securities as it continues to engage in a historic legal battle with Ripple and XRP. Earlier, the SEC sent a letter to Grayscale claiming Filecoin is a security. The American billionaire tweeted that SEC approach to label Filecoin token as security won’t work. Not just Filecoin but any chain that releases its token can not be targeted like this. Mark Cuban predicts what may come next for these tokens The billionaire investor believes that what may come next for tokens is to release them all, leaving no treasury. “Take the receipts and use them to provide liquidity using defi to train the token , and then dissolve the original entity that releases the token,” he added. Mark Cuban thinks regulators can not do anything about the token issuers or the token once they are in circulation and their issuers close down the entity. Twitter user @RSSH273 argued that dissolving the legal entity could make it marg...