Mark Cuban Warns of a Powerful Player.

Mark Cuban Tweet on Twitter...

"Yesterday’s enforcement action is the perfect example of the SEC having a clear opinion on how and why certain tokens classify as securities," the lawmaker tweeted. "Yet the SEC failed to disclose their view before launching an enforcement action."
he posted the youtube video link,

For five years, the SEC has been regulating the crypto industry by enforcement actions, targeting startups that raised funds through initial coin offerings. The regulator is, for example, in a showdown with Ripple, a blockchain payment firm based in San Francisco. In a lawsuit, the commission considers that XRP, a token associated with Ripple, should be seen as a security, which the firm rejects.