{"id":137914,"date":"2024-09-26T09:00:44","date_gmt":"2024-09-26T06:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137914"},"modified":"2024-09-25T17:25:18","modified_gmt":"2024-09-25T14:25:18","slug":"mark-cuban-blasts-sec-chair-gensler-hints-his-exit-could-boost-u-s-economy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/mark-cuban-blasts-sec-chair-gensler-hints-his-exit-could-boost-u-s-economy\/","title":{"rendered":"Mark Cuban Blasts SEC Chair Gensler, Hints His Exit Could Boost U.S. Economy"},"content":{"rendered":"<p>Cuban <strong><a href=\"https:\/\/x.com\/mcuban\/status\/1838667484905578704?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1838667484905578704%7Ctwgr%5E2d6caa7e0f72136faca18b15049929eed9bd3c91%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fmark-cuban-kamala-harris-opposes-sec-regulation-by-enforcement-approach%2F\" target=\"_blank\" rel=\"nofollow\">noted<\/a><\/strong> that even Kamala Harris\u2019s team disapproves of this approach, which has characterized Gensler\u2019s tenure.<\/p>\n<p>He mentioned discussions with Harris\u2019s team, who oppose \u201cregulation through litigation,\u201d and indicated that Gensler\u2019s departure could benefit the economy, stating, \u201cYou leaving is worth a point in GDP growth.\u201d Gensler acknowledged errors regarding the Debt Box case during the hearing.<\/p>\n<p>The SEC\u2019s strategy has faced backlash from the crypto industry for its lack of clear guidelines and reliance on legal actions. Congressman Tom Emmer condemned Gensler as one of the most damaging SEC chairs, accusing him of creating the term \u201ccrypto asset security\u201d without legal backing.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/lawmakers-grill-gary-gensler-over-secs-missteps-in-high-profile-crypto-case\/\" title=\"Lawmakers Grill Gary Gensler Over SEC\u2019s Missteps in High-Profile Crypto Case\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/11\/abc6b5f0-643e-11ed-befd-4d7c15b54a2a-2-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Lawmakers Grill Gary Gensler Over SEC\u2019s Missteps in High-Profile Crypto Case<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Representative Ritchie Torres criticized Gensler for inventing the term \u201cdigital asset securities\u201d and questioned whether it applies to in-game NFTs compared to sports tickets. Cuban <strong><a href=\"https:\/\/x.com\/mcuban\/status\/1838667018175652284?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1838667018175652284%7Ctwgr%5E2d6caa7e0f72136faca18b15049929eed9bd3c91%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fmark-cuban-kamala-harris-opposes-sec-regulation-by-enforcement-approach%2F\" target=\"_blank\" rel=\"nofollow\">supported<\/a><\/strong> Torres\u2019s remarks with, \u201cGensler is gone.\u201d<\/p>\n<p>SEC Commissioner Hester Peirce admitted the agency should have recognized earlier that not all crypto assets are securities and criticized the preferential treatment given to large institutions like BNY Mellon in bypassing certain accounting standards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the recent hearing with Gary Gensler, tech billionaire Mark Cuban criticized the SEC Chair&#8217;s regulation-by-enforcement strategy.<\/p>\n","protected":false},"author":9,"featured_media":31012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-137914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mark Cuban Blasts SEC Chair Gensler, Hints His Exit Could Boost U.S. Economy<\/title>\n<meta name=\"description\" content=\"After the recent hearing with Gary Gensler, tech billionaire Mark Cuban criticized the SEC Chair&#039;s regulation-by-enforcement strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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