Mark Cuban Wants Gary Gensler Fired

Mark Cuban is calling on the Securities and Exchange Commission to fire its chairman, Gary Gensler.

The entrepreneur, who also owns a minority stake in the Dallas Mavericks, reportedly held a meeting in Washington, D.C., with a senior adviser to President Joe Biden and cryptocurrency executives to discuss regulation and the SEC’s insistence that cryptocurrency exchanges register with the regulator as a trading venue.

“You all have permission to quote me saying that Biden should fire Gary Gensler,” Cuban said, according to Fox Company Wednesday.

Cuban confirmed that statement to Fortune on Friday, adding, “He’s the problem.”

The SEC did not immediately respond to requests for comment.

U.S. Rep. Joe Neguse (D-Colorado), Sen. Kirsten Gillibrand (D-New York) and SkyBridge Capital principal Anthony Scaramucci were also in attendance.

“I don’t believe Mr. Gensler protected any investors in the cryptocurrency space or anywhere else,” Cuban said. said the The Dallas Morning Journal “His approach at the SEC is to advocate for regulation. Which means that it is impossible for crypto companies to have clear rules to follow. This is demonstrated by the fact that there are currently no companies that have issued tokens for crypto applications. Not one. And it is not for lack of trying.”

This isn’t the first time Cuban, a longtime cryptocurrency proponent and a vocal Biden supporter, has lashed out at Gensler. Last month, he wrote about X “I have said repeatedly that Biden must choose between Gensler or crypto voters, or it could cost him the White House. [sic].”

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

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

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