According to BlockBeats, on July 13, Mark Cuban called for the removal of SEC Chairman Gary Gensler during a cryptocurrency regulation conference. Cuban expressed his lack of confidence in Gensler's ability to protect investors in the cryptocurrency sector or elsewhere. He criticized Gensler's approach to regulation through litigation, arguing that it creates an environment where cryptocurrency companies cannot follow clear rules. Cuban pointed out that this is evident from the fact that no company has issued tokens for cryptocurrency applications under the current regulatory framework.

The conference was also attended by U.S. Representative Joe Neguse (D-CO), Senator Kirsten Gillibrand (D-NY), and SkyBridge Capital CEO Anthony Scaramucci.