CandleFocus Pro-Crypto Billionaire Mark Cuban Eyes SEC Chair Position After Calling for Gensler Sack
2024-09-26
Author: Content Editor
Pro-crypto billionaire Mark Cuban has expressed his desire to become the next Securities and Exchange Commission (SEC) chairperson. Cuban, who recently called for the removal of current SEC chair Gary Gensler, stated in an interview that he would take on the role if offered the opportunity. He chose this position over other potential government appointments. Cuban received mixed reactions from the crypto community, but XRP lawyer and Republican Senate candidate John E. Deaton supported his bid, believing he would be an improvement over Gensler. Gensler is facing criticism for his regulatory overreach, including his recent classification of non-fungible tokens (NFTs) as securities. The possibility of Cuban or Ripple CEO Brad Garlinghouse leading the SEC, the regulatory body that has targeted them, has been considered fittingly ironic. It remains to be seen whether Gensler will retain his position after the November election or if his tenure will be cut short.
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