Billionaire and crypto-friendly Mark Cuban stated on Twitter that Japan has learned from the Mt Gox incident and reformed its regulatory system, which prevented harm to Japanese stakeholders during the biggest cryptocurrency failure event in history. In contrast, the US Securities and Exchange Commission (SEC) has not learned its lesson. They still believe that the registration process alone is enough to protect investors.Cuban emphasized Japan's approach of providing opportunities for entrepreneurs to drive innovation. He believes that the SEC has done a poor job of protecting investors from fraud and hopes that cryptocurrency finance will be subject to full regulation like current financial institutions.