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CEO of cloud company Box says tech industry needs '21st-century' regulation

Elizabeth Gurdus

Box co-founder and CEO Aaron Levie speaks to the importance of data protection and explains his reasons for backing big tech regulation in an interview with CNBC's Jim Cramer. "I think we're in an incredibly precarious time because you have a lot of regulations and laws that were built for the 20th century and now, in the 21st century, with the amount of digital transformation that's happening in every industry ... we need a new set of laws that anticipate how much more dynamic this environment is that we live in today," Levie told the "Mad Money" host.

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