After Coinbase CEO Brian Armstrong called for a rethink of accredited investor laws in the United States, billionaire investor Mark Cuban replied on June 16 with a blunt line on X:
But behind the joke sits a serious criticism of how American markets treat retail investors. On X, formerly known as Twitter, Armstrong argued that the current rules keep ordinary investors away from some of the most attractive early-stage opportunities, while wealthy investors continue to get access before everyone else.
His main point was simple. Many companies now stay private for much longer than they used to. By the time a company finally goes public, a large part of the upside may already have been captured by venture capital firms, private funds, and accredited investors.
Retail investors are then left to buy after the IPO, often at a much later and more expensive stage.
Armstrong said the rules were originally designed with good intentions. They were meant to protect regular people from scams, excessive risk, and deals they might not fully understand.
But, in his view, the outcome has become unfair. Instead of protecting people, the rules may now be protecting access for those who are alread
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/mark-cuban-blunt-response-coinbase-215801475.html)