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Mark Cuban, the famous billionaire and crypto advocate, has stated that he wants to replace Gary Gensler as the head of the U.S. Securities and Exchange Commission (SEC) if Kamala Harris is elected president. Cuban has long been critical of the SEC’s harsh stance against the crypto industry and aims to introduce more crypto-friendly policies.
In a recent interview with Fox News, Cuban said that he wants to take over the SEC instead of serving as Treasury Secretary or Commerce Secretary in the Harris administration. Cuban’s statement has also received positive reactions from crypto industry supporters. XRP advocate and Massachusetts Republican candidate John Deaton said that he would support Cuban’s changes to the current SEC leadership, despite their differing views on other issues.
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During the SEC presidential hearing held on Tuesday, Gary Gensler was described by U.S. Representative Tom Emmer as the most “disruptive” and “illegal” head in the agency’s 90-year history due to his harsh stance against the crypto industry. Apparently, the crypto industry is not happy with Gensler’s leadership.
Deaton argued that Cuban’s appointment as SEC helmer would bring much-needed change to the agency’s management. Recalling Cuban’s previous experience with the SEC, Deaton emphasized that Cuban has successfully fought against the agency’s overly interventionist stance.
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