Mark Cuban

I was just trolling Gary Gensler because it's fun to do.

Yeah, I mean, I'm not a fan of Elizabeth Warren's. I've talked to her about crypto. I mean, I understand her position. Her basic position is, you know, bad nation states use crypto to fund their operations, the bad stuff. And she just wants to throw the baby out with the bathwater as opposed to using, you know, like I proposed a blacklist from OFAC that can be implemented in all kinds of shit.

Yeah, I mean, I'm not a fan of Elizabeth Warren's. I've talked to her about crypto. I mean, I understand her position. Her basic position is, you know, bad nation states use crypto to fund their operations, the bad stuff. And she just wants to throw the baby out with the bathwater as opposed to using, you know, like I proposed a blacklist from OFAC that can be implemented in all kinds of shit.

I need to get into the details. Right. But it just it wasn't going to happen. And so when John, not just being pro crypto, but, you know, his background, his character, I thought really was a positive. And so even before he got through his hat and his ring, I was talking to him, supporting him, giving him feedback and helping him. So, again, I'm not a Democrat. I have no problem.

I need to get into the details. Right. But it just it wasn't going to happen. And so when John, not just being pro crypto, but, you know, his background, his character, I thought really was a positive. And so even before he got through his hat and his ring, I was talking to him, supporting him, giving him feedback and helping him. So, again, I'm not a Democrat. I have no problem.

And I think John Deaton will be better for the country, better for the citizens of Massachusetts than Elizabeth Warren would be.

And I think John Deaton will be better for the country, better for the citizens of Massachusetts than Elizabeth Warren would be.

Right. So I've got a company called Lazy.com. And if you go to Lazy.com slash mcubin, you'll see all my NFTs. And all it is, is a way to display your NFTs. It hardly makes any money. But I wanted to see if we could release a token. So first thing I did was I had one of our people call the SEC and say, hey, what steps do we have to take to release the token?

Right. So I've got a company called Lazy.com. And if you go to Lazy.com slash mcubin, you'll see all my NFTs. And all it is, is a way to display your NFTs. It hardly makes any money. But I wanted to see if we could release a token. So first thing I did was I had one of our people call the SEC and say, hey, what steps do we have to take to release the token?

They went through this whole rigmarole about getting securities lawyers and this and that. There's no way a company with $100,000 in revenue is going to be able to afford to do that. So then I said, OK, I'm going to go right to the SEC.gov and see about Reg A and see if I can just fill out the forms myself and just see what.

They went through this whole rigmarole about getting securities lawyers and this and that. There's no way a company with $100,000 in revenue is going to be able to afford to do that. So then I said, OK, I'm going to go right to the SEC.gov and see about Reg A and see if I can just fill out the forms myself and just see what.

So you start filling in name, address, and then you get to the type of business. And the only category is other. And once you follow that other connection, there's just no way to make it work. You can't make it work. And I actually said that directly to Gary Gensler. And so to answer your question, you have to make it easy to follow the rules. And in terms of everything being a security,

So you start filling in name, address, and then you get to the type of business. And the only category is other. And once you follow that other connection, there's just no way to make it work. You can't make it work. And I actually said that directly to Gary Gensler. And so to answer your question, you have to make it easy to follow the rules. And in terms of everything being a security,

Gensler says everything applies to Howey, right? There's a Howey rule and everything. But the reality is there's also a ruling that came after called Reeves, Reeves versus Ernst & Young, that had to do with interest. And if you think about it, have you guys ever shorted stocks or done stock loan where you can make some money off a stock loan? A borrower, yeah.

Gensler says everything applies to Howey, right? There's a Howey rule and everything. But the reality is there's also a ruling that came after called Reeves, Reeves versus Ernst & Young, that had to do with interest. And if you think about it, have you guys ever shorted stocks or done stock loan where you can make some money off a stock loan? A borrower, yeah.

Yeah, so you can make one of your shares of stocks available to the borrower and get paid a VIG, right? You might get 10% or 12%. And so doing that is the exact same thing as loaning out Bitcoin for somebody else to borrow. And they don't call that a security. So I asked Gary Gensler, if it's not a security to loan out a share of stock...

Yeah, so you can make one of your shares of stocks available to the borrower and get paid a VIG, right? You might get 10% or 12%. And so doing that is the exact same thing as loaning out Bitcoin for somebody else to borrow. And they don't call that a security. So I asked Gary Gensler, if it's not a security to loan out a share of stock...

And why is it a security to loan out a Bitcoin to somebody else? That didn't have an answer. And the point there is he has an approach that is regulation through litigation. He's going to sue you first, ask questions later, and hope that the result of that litigation becomes a rule that everybody else has to follow. I literally said, what's that?

And why is it a security to loan out a Bitcoin to somebody else? That didn't have an answer. And the point there is he has an approach that is regulation through litigation. He's going to sue you first, ask questions later, and hope that the result of that litigation becomes a rule that everybody else has to follow. I literally said, what's that?

Which there is.