Billionaire investor and television celebrity Mark Cuban welcomed SEC Chair Gary Gensler’s intense grilling by legislators on his stance on cryptocurrencies, confirming that the Kamala Harris campaign was against “regulation through litigation.”
What Happened: On Tuesday, Cuban posted a video on X where Gensler was cross-examined by Rep. Ritchie Torres (D-N.Y.) at the House Financial Services Committee hearing.
In the video, the Democratic Congressman asked the SEC’s top executive if there is a distinction between buying a Yankees ticket that granted access to a sporting event and buying a non-fungible token (NFT) that gave access to an animated web series as per Federal securities regulations. Gensler didn’t give a clear answer to the question.
Responding to this, Cuban said that Gensler’s days at the SEC are numbered and his exit would result in a potential …
Full story available on Benzinga.com