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Mark Cuban sees possible Harris administration’s SEC leadership as lacking

Should Kamala Harris land the president, billionaire entrepreneur Mark Cuban has indicated his desire in serving as the chairman of the U.S. Securities and Exchange Commission (SEC). Strong supporter of cryptocurrencies, Cuban thinks Gensler’s leadership should be changed since the regulatory attitude to digital assets calls for reform.

Mark Cuban Pursues SEC Chair Under Kamala Harris

The billionaire businessman and Dallas Mavericks owner Mark Cuban has made news stating he wants to take over as chair of the U.S. Securities and Exchange Commission (SEC) should Kamala Harris be elected president. Renowned for his candid opinions on cryptocurrencies and money, Cuban has openly backed Harris in the forthcoming presidential contest, stressing her economic ideas as the main factor driving his support.

When questioned in a recent Fox News interview regarding serving in a possible Harris presidency, Cuban said, “Head of the SEC. I would do this task. Later on, he attacked Gary Gensler, the current SEC chairman, saying he has harmed the crypto sector and business overall.

Although it is yet unknown if Cuban is actually seeking a position in a Harris cabinet or if any talks have taken place, his comments fit a wider change in the political scene about cryptocurrencies. This coincides with the moment when well-known personalities in the finance and IT industries are freely relating their futures with the result of the presidential election.

Cuban is not alone in his critique of Gensler, who has drawn condemnation from many political groupings and business executives for his strict rules on digital assets. Gensler’s aggressive enforcement activities against crypto companies throughout his tenure have the crypto community demanding a change in leadership at the SEC.

Harris lately expressed her willingness to reconsidering the Biden government’s present stance on cryptocurrencies, therefore endorsing developments like blockchain technology. The crypto sector, which has been outspoken about its want for more favorable rules, finds this change hopeful.

As the political environment changes, both Cuba’s ambition and Harris’ increasing acceptance of digital assets point to a possible new path for the SEC and the more general regulatory framework around cryptocurrencies.

author avatar
CryptoCorn
CryptoCorn is Editor and Author at 4C Media Co. and covers all stories and news related to Crypto & Finance. Excellent blogger and Passionate Crypto Trader. Follow her on twitter at @cryptocorn7.
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polkadot
Polkadot (DOT) $ 3.63 7.99%
bitcoin
Bitcoin (BTC) $ 77,260.70 7.10%
ethereum
Ethereum (ETH) $ 1,550.01 13.91%
cardano
Cardano (ADA) $ 0.563547 13.67%
xrp
XRP (XRP) $ 1.88 11.91%
stellar
Stellar (XLM) $ 0.224878 10.41%
litecoin
Litecoin (LTC) $ 68.95 16.25%