- Mark Cuban is optimistic about Kamala Harris’s openness to innovative business models like AI and cryptocurrencies
- Cuban believes changing policies under Harris could positively impact the business landscape
- He suggests that Harris’s stance could mobilize significant support within the tech ecosystem
Mark Cuban’s Take on the US Elections and Kamala Harris
Billionaire and crypto enthusiast Mark Cuban has shared his thoughts on the US election, particularly Joe Biden stepping down and Kamala Harris rising as the candidate. Cuban is optimistic about Harris and even believes it’s good news for the ecosystem.
Optimism for Harris and Innovation
Mark Cuban is hopeful that Kamala Harris, the Vice President of the United States, will be “much more open” to innovative business models like Artificial Intelligence (AI) and cryptocurrencies.
Previously, Cuban had urged Joe Biden to adopt favorable crypto regulations or risk losing the election.
Mark Cuban Shows Optimism for Kamala Harris
Mark Cuban believes that Kamala Harris will be more receptive to business innovations, especially AI and crypto.
According to Cuban, changing policies can change the message.
“The feedback I’m getting, although not yet confirmed by the Vice President, is that she will be much more open to business, AI, cryptocurrencies, and government as a service. Changing policies sends a message that she’s in charge and open for business” Cuban told Politico.
Concerns Over SEC Scrutiny
Back in May, Cuban expressed his concern about the increasing scrutiny of the crypto sector by SEC. He hinted that the SEC’s stance against cryptocurrencies could impact the Democratic campaign.
Growing Optimism for Kamala Harris
Cuban even floated the idea that the SEC and Gary Gensler’s anti-crypto stance could be to blame if President Biden doesn’t get re-elected.
He suggested that all crypto activities should be regulated by the Commodity Futures Trading Commission (CFTC).
“If they had a tech policy in place by the end of the week and it was solid, I think they could get a lot of the ecosystem on board pretty quickly,” Aaron Levie, CEO of cloud computing company Box, told Politico.
Cuban’s Crypto Optimism
Mark Cuban remains one of the most optimistic billionaires about the crypto ecosystem, despite the prolonged bearish market.
A few weeks ago, Cuban sold 12 non-fungible tokens (NFTs) that he’d held for two years. They were valued at 11.43 WETH, which is worth about $37,800.
“Smart contracts on the blockchain remind me of the early days of the Internet when people realized there was a network effect, and with just HTML, and later some basic JavaScript, you could do a lot of business. The same goes for music or music videos—instead of being on YouTube, put them where you can tokenize and keep earning” Cuban explained.
This is not the first time Cuban has talked about the influence that Crypto has in American elections. Look at what he had to say about the Silicon Valley and Donald Trump a few days ago.
