A recent exchange on X between entrepreneur Mark Cuban and a crypto enthusiast has shed light on Vice President Kamala Harris’s evolving stance on cryptocurrency, particularly Bitcoin (CRYPTO: BTC), in light of the November election.
What Happened: Cuban, responding to a suggestion that Harris should transfer the U.S. government’s 200,000 bitcoin to the treasury, provided insights into his discussions with Harris’s team about crypto policy.
He pointed out that the treasury is legally obligated to dispose of confiscated assets, including the 69,000 Bitcoin currently in its possession, in a manner that benefits taxpayers.
“I was pushing for all confiscations in crypto to be held and not sold,” Cuban revealed, adding that he advised the team about the potential market impact of selling large amounts of Bitcoin quickly. He noted that the treasury “can’t sell in a way that will move the market” due to legal constraints.
Cuban highlighted Harris’s recent statements about protecting digital asset holders, suggesting a significant shift in …
Full story available on Benzinga.com