Billionaire Mark Cuban recently slammed the U.S. Securities and Exchange Commission's (SEC) regulatory strategy in a <a href="https://twitter.com/mcuban/status/1561832248084762625" target="_blank" rel="nofollow noopener">tweet</a>. Cuban has requested that the government release "bright line regulations" to discuss them.

https://twitter.com/mcuban/status/1561832248084762625
<h2>SEC Sued Blockchain Company Ripple</h2>
The Dallas Mavericks owner remarked in response to a recent op-ed by SEC Chair Gary Gensler for the Wall Street Journal. After the SEC sued blockchain company <a href="https://www.cryptoknowmics.com/news/ripple-to-open-new-office-in-toronto-will-hire-50-employees/" target="_blank" rel="noopener">Ripple</a>, the "regulation by enforcement" strategy of the organization came under scrutiny. Despite the novelty of the technology, Gensler contends that securities regulations ought to be applied to Bitcoin holdings. He compared cryptocurrencies to cars, which still have basic safety measures despite technological advancements in the auto industry.
<h2>Blockchain Bridges</h2>
The enormous solidity codebase and several attack vectors that could be utilized to hack the bridge must first be overcome by developers. Bridges on the blockchain have grown to be one of the most popular targets for hackers, costing them billions of dollars in cryptocurrency. North Korean <a href="https://www.cryptoknowmics.com/news/hackers-used-a-deepfake-of-binance-cco-for-exchange-listing-scams/" target="_blank" rel="noopener">hackers</a> are suspected of stealing $625 million from Axie Infinity's bridge early this year. Blockchain bridges are responsible for most of the stolen cryptocurrency funds in 2022, according to Chainalysis. Blockchain bridges are highly vulnerable because if there is a weakness in the smart contracts, it is probable that a hacker will exploit them.

The spike in Ethereum gas prices and the unwillingness of the necessary entities to engage are two more difficulties that the Dogecoin bridge engineers must overcome. Michi Lumin, a developer for Dogecoin Core, reported discussing the bridge in late May.

Mark Cuban Urges SEC to Publish Comprehensive Guidelines for Crypto

Billionaire Mark Cuban recently slammed the U.S. Securities and Exchange Commission's (SEC) regulatory strategy in a tweet.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Mark Cuban Urges SEC to Publish Comprehensive Guidelines for Crypto

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