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Topic: Pro-crypto Mark Cuban to replace Gensler if Harris wins (Read 45 times)

member
Activity: 182
Merit: 47

I personally don't really mind Gensler, it will be indifferent for Bitcoin if he stays or not in my opinion. However if I was to vote I would replace him with somebody having more idea about a regulation that could make ICO crowdfunding easier, but with still strong investor protection (But I'm also not from the US.)


I don't mind him much either. Protecting consumers against fraud makes all of us money because it means we will get more mainstream investors with a lower risk premium. The thing holding trillions of dollars back from consumer investors is people's perception that the crypto business is full of fraud and criminals--and Trump would reinforce that perception.

Gensler has been made into a boogieman by a few billionaire Bitcoin whales who have pumped $millions into Trump's campaign because they want revenge.  Harris choosing a pro-crypto SEC Chairman like Cuban pops that balloon, and forces the Trump supporters here to admit they only want Trump because he's a criminal like themselves, or because he wants to make abortion illegal, or whatever their thing about Trump is--and that it actually never had anything to do with Bitcoin or the crypto business (which was just a convenient excuse).

legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
I thought Gensler was so pro bitcoin and so good for the ecosystem that there's no need to replace him Wink
Pressures from the shitcoin industry, probably Grin And Cuban would fit, see:

Quote from: Tradingview
Cuban is well known for his support of cryptocurrencies – not only Bitcoin but also altcoins, such as Dogecoin and Solana.
From the Tradingview article.

I don't know much about Cuban (apart from that he was mentioned recently at a rally by pro-crypto Democrats), but for me that looks like a quite obvious propaganda move. So at least the more naive parts of the "crypto industry" could support Democrats. (That doesn't mean I changed my mind supporting Trump though Smiley ) And if what @stompix wrote is true then it's not the right guy for that job.

I personally don't really mind Gensler, it will be indifferent for Bitcoin if he stays or not in my opinion. However if I was to vote I would replace him with somebody having more idea about a regulation that could make ICO crowdfunding easier, but with still strong investor protection (But I'm also not from the US.)
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Mark Cuban is going to make a great SEC Chairman, however....

Are you serious?
The guy that started the ponzi scheme with Voyager and the guy that got tricked into buying Bitconnect and was stupid enough to download a maware wallet and got drained out of $800k in crypto?
This guy?

I thought Gensler was so pro bitcoin and so good for the ecosystem that there's no need to replace him Wink

Gensler is pro-bitcoin, he is anti-shitcoins, and every so-called crypto "investors" hate this because this is how they make money, with stupid schemes and pirting trillions of worthless coins, NFT, and pure vaporware.





member
Activity: 182
Merit: 47
I thought Gensler was so pro bitcoin and so good for the ecosystem that there's no need to replace him Wink

It's funny that Democrats are now throwing Gensler under the bus.
On the other hand I doubt they will abandon him completely. There's probably another warm seat waiting for him.


Gensler will probably return to academia.

Mark Cuban is going to make a great SEC Chairman, however....

legendary
Activity: 2744
Merit: 1174
I thought Gensler was so pro bitcoin and so good for the ecosystem that there's no need to replace him Wink

It's funny that Democrats are now throwing Gensler under the bus.
On the other hand I doubt they will abandon him completely. There's probably another warm seat waiting for him.
member
Activity: 182
Merit: 47
https://www.tradingview.com/news/u_today:cf6e9e8c5094b:0-head-of-sec-that-s-job-i-would-take-pro-crypto-billionaire-mark-cuban/

Mark Cuban is a consistent pro-crypto champion and a huge donor to the Democrats and Harris. He can name his job if Harris wins the election--and he already has: he wants to replace Gary Gensler.

Trump, meanwhile, will almost undoubtedly hire a fellow convicted criminal to the post, and one who will prioritize Trump's own personal crypto businesses over Bitcoin and everything else. According to economic analysts, the US economy will do far better under Harris than it would under Trump:

https://ny1.com/nyc/all-boroughs/politics/2024/09/04/goldman-saches-u-s--economy-kamala-harris-donald-trump

Part of the reason is that Trump is promising massive tariffs on all imported goods that will raise the price of almost everything in the US and destabilize the economy (which will force average consumer investors to sell their Bitcoin so they can pay the bills after they lose their jobs). Under Trump, almost everything a business needs to operate will cost a lot more, which will be devastating.

And Trump has made it clear he does not need Congress to approve his plan, so nothing will stop him from doing this regardless of who wins the majority in Congress:

https://www.newsweek.com/donald-trump-warns-congress-tariffs-plan-1958202

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