Mark Cuban Says Ignoring Crypto Cost His Friend Kamala Harris The Us Election

During his quality connected The Weekly Show pinch Jon Stewart, nan billionaire tech mogul and Dallas Mavericks erstwhile proprietor Mark Cuban blamed his friend Kamala Harris’ predetermination nonaccomplishment squarely connected 1 thing: ignoring nan crypto community.

“Crypto had a batch to do pinch it,” Mark said. “A full batch of young men voted against Kamala.” He revealed that he had warned Kamala months earlier nan election, telling her that failing to understand and support crypto would alienate 1 of nan astir passionate elector demographics.

Kamala, however, didn’t listen. Her administration’s stance connected crypto, Mark argued, drove young antheral voters to Donald Trump, who capitalized connected their frustration.

Mark besides threw outgoing SEC Chair Gary Gensler nether nan bus. He said nan administration’s fierce crypto policies, spearheaded by Gary, were disastrous for Kamala’s campaign.

Kamala conscionable didn’t care

“Crypto is their family,” Mark explained connected nan podcast. “These guys aren’t conscionable holding Bitcoin; they’re building projects, joining DAOs, and actively participating successful decentralized ecosystems.”

Instead, nan management doubled down connected regulation. “Young group are sick of being ignored. They saw Trump arsenic nan feline who wasn’t going to destruct what they’re building.”

Kamala’s narration pinch crypto has been inconsistent astatine best. Her first nationalist comments connected nan taxable came successful September 2024, during a fundraiser successful New York City. At nan event, she said astir nan value of protecting consumers while besides encouraging technological innovation.

It was a calculated effort to onslaught a balance, but Mark saw it arsenic a missed opportunity to genuinely link pinch voters. By October, Kamala’s run rolled retired a broader economical imagination called nan “Opportunity Economy.”

The scheme included blockchain and crypto arsenic devices for financial empowerment, peculiarly for Black Americans, 20% of whom had interacted pinch crypto. However, critics pointed retired that nan connection successful her proposals was vague and lacked nan specificity that nan organization demands.

Kamala’s squad tried to entreaty to Black antheral voters, a demographic wherever she was losing crushed to Trump. They framed crypto arsenic a measurement to beforehand entrepreneurship and financial inclusion.

However, her broader policies—including marijuana legalization and mini business support—were not capable to reverse nan tide. Mark believes this was because her administration’s actions connected crypto said louder than her campaign’s words.

Mark Cuban teaches Jon Stewart nan crypto basics

While Mark’s vexation pinch Kamala dominated nan conversation, he besides spent clip explaining nan fundamentals of crypto to Jon Stewart.

The comedian admitted early successful nan question and reply that he didn’t understand blockchain aliases cryptocurrencies, describing integer tokens arsenic small much than gambling.

Mark took nan opportunity to break it down. He explained Bitcoin arsenic “digital gold,” emphasizing its constricted proviso and expertise to enactment arsenic a shop of value.

Mark besides pointed retired nan imaginable of blockchain to revolutionize funding, though he criticized nan authorities for being slow to adapt. “The SEC’s classification of tokens arsenic securities is ridiculous,” Mark said. “They’re creating barriers alternatively of opportunities.”

Stewart joked that nan chat felt for illustration a clang people successful crypto. “This is Digital Currency for Dummies,” Stewart quipped. “I really didn’t cognize it truthful good and I want to cognize it.”

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