Mark Cuban Expresses Interest in Leading the SEC

Mark Cuban has expressed a desire to become the chairman of the U.S. Securities and Exchange Commission (SEC). The billionaire made this remark in response to a FOX News query about a potential appointment in Kamala Harris’s administration, should she be elected President of the United States.

JUST IN: ?? Billionaire Mark Cuban States he would like to be “head of the SEC.”

“That’s the job I would take” ?

Who would you rather having as head of the SEC, Mark Cuban or Gary Gensler? ??

Comment Below & Follow For More!!?? pic.twitter.com/bXaOy5eacP

— Good Morning Crypto (@AbsGMCrypto) September 25, 2024

“That’s the job I would take,” he stated.

Cuban criticized Gary Gensler for his approach to regulation through enforcement actions.

On his X account, Cuban lashed out at the head of the agency following a Congressional hearing where the SEC chairman avoided answering a direct question about whether a New York Yankees ticket qualifies as a security.

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 https://t.co/NbPd4RQSBF

— Mark Cuban (@mcuban) September 24, 2024

“You leaving is worth a point in GDP growth,” Cuban wrote.

He added that Harris’s team does not support the Commission’s approach to regulating the crypto industry.

John Deaton, founder of the Deaton Law Firm, supported Cuban.

The Massachusetts Senate candidate acknowledged he would back the billionaire in replacing Gary Gensler’s “lawlessness,” despite disagreements on other issues.

Even if you disagree with @mcuban on specific issues, objectively speaking, Mark would be a breath of fresh air and a welcomed change from the lawlessness of @GaryGensler.

A decade ago, Mark witnessed firsthand the type of gross overreach the @SECGov is capable of. Much like… https://t.co/XT82sFlVN8

— John E Deaton (@JohnEDeaton1) September 26, 2024

Previously, Cuban stated that Harris is “much more open” to technological innovations and digital assets than the current head of state, Joe Biden.

In July, U.S. presidential candidate Donald Trump promised to fire Gensler and create a strategic Bitcoin reserve.

In September, it was revealed that the SEC is under investigation by the House of Representatives for employing politically motivated hiring practices.

Back in June 2023, congressmen introduced a bill for Gensler’s resignation. Two months after Grayscale’s court victory against the agency, a similar proposal was made again.