Mark Cuban Wants Gary Gensler Fired

Mark Cuban calls on the Securities and Exchange Commission to get rid of Chairman Gary Gensler.

The entrepreneur, who also owns a minority stake in the Dallas Mavericks, reportedly hosted a meeting in Washington, D.C., with a senior adviser to President Joe Biden and cryptocurrency industry leaders to discuss regulation and the SEC’s push for cryptocurrency exchanges to register with the regulator as trading platforms.

“You all have permission to quote me when I say Biden should fire Gary Gensler,” Cuban said, according to Fox Business on Wednesday.

Cuban and the SEC did not immediately respond to requests for comment.

Also in attendance were U.S. Congressman Joe Neguse (D-Colorado), Senator Kirsten Gillibrand (D-New York), and SkyBridge Capital President Anthony Scaramucci.

“I don’t believe Mr. Gensler has protected any investors in the cryptocurrency space or anywhere else, for that matter,” Cuban said. he said the Dallas Morning News Thursday. “His approach to the SEC is to sue to regulate. Which means it’s impossible for cryptocurrency companies to have clear rules to follow. This is evidenced by the fact that there are currently zero companies that have issued tokens for cryptocurrency apps. Not one. And it’s not for lack of trying.”

This isn’t the first time Cuban, a longtime cryptocurrency advocate and a staunch Biden supporter, has taken issue with Gensler. Last month, wrote on X “I’ve said many times that Biden has to choose between Gensler or cryptocurrency voters or it could cost him the White House. [sic].”

In May, on the same platform, he wrote “[Gensler] has made it impossible for good companies to do the right thing.”

Cuban is a cryptocurrency holder, with Bitcoin, Ethereum and more in his wallet, and the Mavs began accepting Dogecoin in 2021.

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