Richie

Gary

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
In a recent interview with Fox News channel, <a href="https://u.today/this-is-huge-for-crypto-billionaire-mark-cuban-speaks-out-what-happened">Mark Cuban</a> stated that he would gladly take up the position of the head of the SEC if he were offered it. Cuban is well known for his support of cryptocurrencies – not only Bitcoin but also altcoins, such as Dogecoin and Solana.
<h2 id="mark-cuban-would-agree-to-lead-sec-if-offered">Mark Cuban would agree to lead SEC if offered</h2>
He offered that information in answer to a question by the anchor as to whether Cuban would want to take any major regulatory role, such U.S. Treasury Secretary or something similar.
“Head of the SEC,” Cuban then responded, “that's the job I would take.” Currently, this position is occupied by Gary Gensler, who has been leading an aggressive charge against cryptocurrency companies, mostly crypto exchanges, claiming all cryptocurrencies, except Bitcoin and Ethereum, to be unregistered securities. The largest case of the SEC in this sense has been its four-year-long case against Ripple, in which the latter has scored two crucial wins over the past year.
Major Ripple advocate John Deaton shared that tweet, adding his comment. Deaton said that even though someone could disagree with Cuban on some specific issue, still “Mark would be a breath of fresh air and a welcomed change from the lawlessness of @GaryGensler.”
<blockquote>
 Even if you disagree with <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> on specific issues, objectively speaking, Mark would be a breath of fresh air and a welcomed change from the lawlessness of <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw">@GaryGensler</a>. A decade ago, Mark witnessed firsthand the type of gross overreach the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> is capable of. Much like… <a href="https://t.co/XT82sFlVN8">https://t.co/XT82sFlVN8</a>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1839096045109719444?ref_src=twsrc%5Etfw">September 26, 2024</a>
</blockquote> 
Deaton reminded his X community that in 2008 the SEC initiated a lawsuit against Cuban, claiming that the billionaire and investor traded on nonpublic information. In 2013, the court proclaimed Cuban not guilty, and the SEC lost the case.
<h2 id="cuban-hints-gensler-should-quit-sec">Cuban hints Gensler should quit SEC</h2>
Earlier this week, pro-crypto billionaire investor <a href="https://u.today/mark-cuban-calls-for-sec-chairman-gary-genslers-resignation">Cuban published a tweet</a>, in which he hinted that Gary Gensler should resign from his position as SEC chairman. In that social media post, the billionaire slammed Gensler for his method of regulation through litigation.
In that post, Cuban commented on a tweet by U.S. Congressman Richie Torres, who grilled Gensler in Congress with a question as to whether a ticket to a Yankees game would be considered a security if resold on a secondary market, as often happens to tickets for sporting events.
In the post, Torres said that he does not see much of a difference between an NFT and a Yankees ticket.
<blockquote>
 I talked to the Harris team today who told me in no uncertain terms that they are against “regulation through litigation “CYA Gensler. You leaving is worth a point in GDP growth <a href="https://t.co/NbPd4RQSBF">https://t.co/NbPd4RQSBF</a>— Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1838667484905578704?ref_src=twsrc%5Etfw">September 24, 2024</a>
</blockquote> 
“You leaving is worth a point in GDP growth,” tweeted Cuban addressing Gensler.

Head of SEC. That's Job I Would Take: Pro-Crypto Billionaire Mark Cuban

Table of Contents

U_Today

Other articles published on Sep 26, 2024

Ethena Announces New Stablecoin UStb Backed by BlackRock Reserves

Ripple President Opens Up About SEC Lawsuit, RLUSD Launch, XRP Ledger Plans

Congressman Ro Khanna: ‘You Can’t Be Against Bitcoin or Crypto’

Crypto-Friendly NYC Mayor Eric Adams Indicted in Corruption Probe

Crypto AI:CON Gathers the Brightest AI and Blockchain Minds in Lisbon

Memecoins are back? Dogwifhat price rallies 46% in September

Join our free newsletter for daily crypto updates!