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Mark Cuban Urges Coinbase to 'Go on the Offensive' Against SEC

Amy Liu

Summary: Billionaire Mark Cuban today urged cryptocurrency exchange Coinbase to "go on the offensive" against the U.S. Securities and Exchange Commission after the agency allegedly threatened to sue it over Coinbase's forthcoming Lend program. "Brian, this is 'Regulation via Litigation,'" Cuban tweeted to Coinbase CEO and founder Brian Armstrong. "They aren't capable of working through this ...

Billionaire Mark Cuban today urged cryptocurrency exchange Coinbase to "go on the offensive" against the U.S. Securities and Exchange Commission after the agency allegedly threatened to sue it over Coinbase's forthcoming Lend program.

"Brian, this is 'Regulation via Litigation,'" Cuban tweeted to Coinbase CEO and founder Brian Armstrong. "They aren't capable of working through this themselves and are afraid of making mistakes in doing so. They they leave it to the lawyers. Just the people you don't want impacting the new technologies. You have to go on the offensive."

By Amy Liu

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