Don't Expect The SEC To Kill Crypto! – Mark Cuban


 "Even without solid evidence, the SEC has always attacked crypto."

Channeled investor Mark Cuban really believes that the actions of the United States (US) Securities and Exchange Commission (SEC) who always want to target cryptocurrencies to label them as securities will never work.

It is well known that the SEC is doing its best to define digital assets as securities after it has not only been involved in a legal battle with Ripple for a long time but also claims that Filecoin (FIL) is a security.

According to Cuban in his Twitter account, the SEC that intends to label FIL or other digital assets as securities will not happen at all as the regulator should not act aggressively.

Additionally, he also opined that the SEC may not be able to do anything about token issuers once a crypto is in circulation and their issuer closes the entity.

While Twitter user @RSSH273 argued that dissolving the legal entity would make it difficult for the SEC to impose enforcement actions, but could make the individuals behind the project directly liable.

Earlier, the SEC reportedly sent a letter to Grayscale Investments to claim that FIL was a security, however the regulator did not have any solid evidence to support its charge.

In the meantime, the SEC also charged several crypto exchanges such as Kraken, Bittrex and Coinbase for the offense of selling tokens without registration.