Billionaire Mark Cuban Says Crypto's Biggest Players Now Want More Regulation, Not Less

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Billionaire investor Mark Cuban said on Monday that the cryptocurrency industry’s regulatory stance has undergone a full 180-degree reversal and that the industry participants that once resisted regulation are now lobbying for clearer rules.

In a post on X, Cuban drew a direct comparison between the current rejection of the U.S. Internal Revenue Service (IRS)’s digital asset reporting requirements and the industry’s earlier opposition to crypto regulation more broadly. "This is exactly what EVERYONE said about crypto. Any regulation is bad," Cuban wrote, recalling how he was once “crucified” for voicing his opinion that regulation was necessary so it could grow beyond its core user base and reach mainstream consumers.