‘Biden Should Fire Gary Gensler’ Quote Mark Cuban And Crypto Roundtable Attendees

Highlights
- Mark Cuban urged US President Joe Biden to fire SEC Chair Gary Gensler.
- Notable attendees on Ro Khanna's crypto roundtable were Brad Garlinghouse, Mike Novogratz, and Anita Dunn, among others.
- The crypto community has expressed frustration with the SEC's stance on the crypto sector.
The crypto industry has been closely watching the recent developments and reports from Ro Khanna’s crypto roundtable with Mark Cuban. Notably, key figures, including Mark Cuban, voiced their frustration with SEC Chair Gary Gensler and urged the Biden administration for his dismissal. Besides, the meeting highlighted the growing tension between the crypto sector and U.S. regulators.
Crypto Leaders Express Frustration On Administration
In a high-profile meeting held at the Willard Hotel, influential figures from the $2 trillion cryptocurrency industry met with senior White House officials to address regulatory concerns. Organized by California Congressman Ro Khanna and billionaire entrepreneur Mark Cuban, the meeting aimed to mend the strained relationship between the crypto community and the Biden administration.
Notable attendees included Ripple CEO Brad Garlinghouse, SkyBridge Capital’s Anthony Scaramucci, and Galaxy founder and CEO Mike Novogratz. Anita Dunn, a senior adviser to President Biden, listened to the attendees’ grievances about the SEC’s actions.
Meanwhile, many described their negative experiences with the U.S. SEC, and Dunn appeared genuinely surprised by the accounts, according to a recent report by Eleanor Terrett. According to the report, one attendee bluntly told Dunn, “You guys suck on crypto,” reflecting the frustration within the industry.
Another attendee, a lifelong Democrat, criticized the administration’s handling of digital assets.
Also Read: Donald Trump to Attend Bitcoin 2024 Conference, Is It Another Election Ploy?
Mark Cuban Urges Biden To Fire Gary Gensler
In a recent X post, Eleanor Terrett provided more insights from the crypto roundtable. According to her, Mark Cuban, a long-time critic of the SEC, was vocal at the meeting. After Dunn left, Cuban stated, “Biden should fire Gary Gensler,” a sentiment he allowed attendees to quote.
Notably, Cuban has a history of opposition to the SEC, dating back to a 2004 insider trading accusation, from which he was cleared in 2013. However, he believes the roundtable meeting was productive and anticipates changes in how the Biden administration and Democrats will support crypto.
Meanwhile, the roundtable also saw discussions about the White House’s decision to re-nominate SEC Commissioner Caroline Crenshaw, known for her anti-crypto stance. In addition, Senator Kirsten Gillibrand explained the regulatory complexities surrounding digital assets. Besides, she highlighted her new stablecoin legislation with GOP Senator Cynthia Lummis as a step towards proper regulation.
Notably, the meeting underscored the crypto industry’s dissatisfaction with the current regulatory landscape. The participants effectively communicated their frustration, hoping it would lead to more favorable policies. As the Biden administration navigates these concerns, the crypto community remains watchful, seeking a balanced approach that fosters innovation while ensuring compliance.
Also Read: Republicans Should Unite to Stop Anti-Crypto SEC Commissioner Crenshaw, Says Pat Tommey
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows
- XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?