Shark Tank billionaire Mark Cuban is throwing his weight behind Vice President Kamala Harris in the upcoming US Presidential election.
According to multiple reports, Cuban spoke last night at the Crypto4Harris virtual event.
The event sought to support Harris in her upcoming campaign while also calling on her current administration to end its “crackdown” on the crypto industry.
Cuban spoke briefly and introduced New York Democratic Senator Chuck Schumer.
According to Punchbowl News, Schumer called for common sense regulation of the growing space.
“It’s not an elite thing. An estimated 20% of Americans use these assets, and this will only grow in size and scale. I believe that Congress has a responsibility to provide common sense and sound regulation on crypto, and we need your support to make sure that any proposal is bipartisan.”
Furthermore, Schumer sees crypto as an innovation that the United States cannot pass up.
“Ultimately, my goal when it comes to crypto regulation is this: I want to bring members on both sides of the aisle here in the Senate together, create momentum so we can pass sensible legislation that helps the United States maintain its status as the most innovative country in the world. My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen…
We cannot afford to continue to sit on the sidelines because then we risk crypto going overseas.”
Crypto4Harris is not officially affiliated with the Harris campaign.