recent interactions × among entrepreneurs mark cuban And crypto enthusiasts shed light on the vice president kamala harris' Evolving stance especially towards cryptocurrencies Bitcoin (CRYPTO: BTC), in light of the November election.
what happened: Cuban offered insight into his discussions with Harris' team on crypto policy in response to Harris' suggestion that the US government's 200,000 Bitcoins should be transferred to the Treasury Department.
Don't miss:
He noted that the Treasury Department has a legal obligation to dispose of the confiscated assets, including the 69,000 Bitcoins it currently holds, in a taxpayer-friendly manner.
“I was asking for the forfeiture of all cryptocurrencies to be held rather than sold,” Cuban revealed, advising his team on the potential market impact of selling large amounts of Bitcoin quickly. He added that he did. He noted that due to legal constraints, the Treasury “cannot sell in a market-moving manner.”
trend: Dogecoin billionaires are on the rise – investors with over $1 million in DOGE revealed!
Cuban highlighted Harris' recent comments on protecting digital asset holders, suggesting that her understanding of the cryptocurrency ecosystem has changed significantly. “If you look at what she said today about protecting people who hold digital assets, it's clear that they understand that. And it's not just about supporting Bitcoin and Maxis,” he said. wrote.
Importantly, Cuban emphasized Harris' recognition of the “app economy” and its relevance to younger generations. “She completely understands and is very empathetic that there are a lot of people who are participating in the ‘app economy.’ They don’t open bank accounts. , making it easy to understand how to buy cryptocurrencies,” Cuban explained.
He further said that Harris recognizes that many Gen Z, especially men, have a significant portion of their net worth in cryptocurrencies. Cuban said Harris promised to “do everything we can to protect them as consumers and as owners.”
trend: According to NASDAQ, one in four Americans owns Bitcoin, but how many people got started with this free cryptocurrency faucet?
Co-creator of Dogecoin, widely known as Billy Marcus Nakamoto Shitori She also responded to his tag in Cuba's post. He believes that cryptocurrencies are beyond the understanding of many lawmakers and “confuse existing laws.”
why is it important: Cuban's defense of Harris' crypto knowledge comes as she announces a new regulatory framework aimed at supporting digital assets. Harris' proposal, as part of the Opportunity Agenda for Black Men, acknowledges the growing importance of cryptocurrencies among Black Americans, with more than 20% using crypto, according to her team. He is reported to own or have owned the property.
In a separate statement, Mr. Cuban defended Ms. Harris and highlighted her honest approach compared to other politicians. He said: “She doesn't know everything, unlike your man. [Trump]she doesn't pretend. She understands the connection between cryptocurrencies and young people. ”
what's next: Benzinga's Future of Digital Assets event on November 19 explores digital asset regulation issues and the impact of Bitcoin as an institutional asset class.
Read next:
Image: Shutterstock
Next step: Transform your trading with Benzinga Edge's unique market trading ideas and tools. Click now to access unique insights It gives you an edge in today's competitive market.
Want the latest stock analysis from Benzinga?
The post Mark Cuban dismisses Dogecoin founder's concerns: Kamala Harris is 'day and night away from Biden and far ahead of Trump' in understanding crypto appeared first Ta.
