Billionaire investor and television celebrity Mark Cuban expressed support for regulation in emerging sectors on Monday, recalling the criticism he received for calling for rules for the cryptocurrency industry earlier.

Critics Oppose Cuban’s Plan

In an X post, Cuban proposed a federal tax on AI-related tokens to incentivize tokenization, while also creating a source of funding to pay down the federal debt.

Critics objected to the proposal, arguing that the government won’t use additional revenue to pay down the debt, and the “downstream consequences” could get “far worse.”

Cuban Favors Government’s Oversight Of Crypto

In response, Cuban pointed to the cryptocurrency example.

Benzinga