In his recent interview with Fox News, billionaire Mark Cuban stated that he would like to be the head of the SEC replacing Gary Gensler, if Kamala Harris wins the US Presidential Elections. Cuban has been an active participant in crypto for years and has called out against the high-handed approach of the SEC against the crypto industry.<\/p>\n
Mark Cuban Gets Industry Support As SEC Chair<\/h2>\n
During his interview on Wednesday, the Fox News journalist asked Cuban whether he would want to be a Treasury Secretary or Commerce Secretary, in the Harris administration. Responding promptly to this, Cuban said he would like to be the \u201cHead of the SEC. That\u2019s the job I would take,\u201d he said.<\/p>\n
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\nJUST IN: \ud83c\uddfa\ud83c\uddf8 Billionaire Mark Cuban States he would like to be “head of the SEC.” <\/p>\n
\u201cThat\u2019s the job I would take\u201d \ud83e\udd76<\/p>\n
Who would you rather having as head of the SEC, Mark Cuban or Gary Gensler? \ud83e\udd14\ud83d\udcad<\/p>\n
Comment Below & Follow For More!!\ud83d\udc47\ud83d\udc47 pic.twitter.com\/bXaOy5eacP<\/a><\/p>\n
\u2014 Good Morning Crypto (@AbsGMCrypto) September 25, 2024<\/a><\/p>\n<\/blockquote>\n
In his proposal, Mark Cuban received support from crypto industry proponents. XRP lawyer John Deaton, also the Republican Nominee from Massachusetts, stated that despite his disagreements with Mark Cuban on other issues he would support the tech billionaire in replacing the lawlessness of Gary Gensler.<\/p>\n
During the SEC Chair hearing<\/a> on Tuesday, lawmakers asked Gensler tough questions about his approach toward the crypto industry. US Representative Tom Emmer also called him the most \u201cdestructive\u201d and \u201clawless\u201d chair in the 90-year history of the agency. It seems that the crypto industry is fed up with Gensler\u2019s leadership as the SEC Chair.<\/p>\n
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Speaking on the development, Deaton said that Cuban would bring a much-needed change to the leadership of the US SEC. Deaton highlighted Cuban\u2019s previous experience with the SEC, noting that Cuban had successfully fought back against what he called \u201cgross overreach\u201d by the agency.<\/p>\n
Why Cuban Could Be A Good SEC Chief?<\/h2>\n
Despite the crackdown by the Biden administration, Mark Cuban supports Kamala Harris<\/a> stating that she\u2019s more \u201cpro-business\u201d in comparison to Trump. Besides, Cuban has also been assisting the Kamala Harris team in framing crypto policies and the industry approach they should be taking moving forward.<\/p>\n
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However, the tech billionaire has been vocal against SEC chief Gensler pointing out his inefficiencies while dealing with crypto, Calling out Gensler\u2019s bluff, he also said that Kamala Harris doesn\u2019t support the regulation-by-enforcemen<\/a>t approach of the SEC chair. Being a participant in the crypto industry himself, Cuban has a greater understanding of how the industry is pivoting.<\/p>\n
On the other hand, the US Vice President has been pushing ahead with new promises for crypto and the blockchain industry. She also pledged for US dominance in blockchain and AI technology<\/a>.<\/p>\n
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