Mark Cuban To Replace Gary Gensler Under Harris Administration? ‘If Asked, I Would Want to Be Interviewed,’ Former Mavs Owner Says
By Benzinga
Billionaire entrepreneur Mark Cuban, a prominent supporter of Vice President Kamala Harris, has been vocal about his dissatisfaction with SEC Chair Gary Gensler‘s approach to regulating the crypto industry.
“He is pushing the crypto industry overseas,” Cuban told POLITICO in an email on Monday. “He is perfecting regulation through litigation, stifling growth in the capital markets, reducing the number of companies going public and going on what seems like witch hunts for big names.”
Should Harris win the U.S. presidency, the “Shark Tank” judge floated the idea of himself as a potential SEC chair candidate.
“It’s not a job I will chase,” Cuban said. “But if asked, I would want to be interviewed.”
Cuban later walked back this statement, claiming he was merely “trolling.”
If Cuban was in consideration, Blockchain Association CEO Kristin Smith expressed support.
“We would absolutely welcome Mark Cuban as chair of the SEC, if that’s the way Harris wanted to go,” she said.
Jeff Hauser, executive director of the Revolving Door Project, disagrees.
“Mark Cuban’s palpably not qualified to be a commissioner of the SEC, let alone chair,” Hauser said.
The debate surrounding Gensler’s potential replacement highlights the ongoing tension between the crypto industry and regulators. It also raises questions about Harris’s potential approach to financial regulation.
While Cuban’s influence on her campaign is notable, it remains unclear how much sway he would have over potential SEC appointments. Cuban himself acknowledged, “The one certainty is that [Harris] makes the final call. That is the response I have gotten over and again.”
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