liz: gensler. very new york. >> on day one i will fire gary gensler!like him, right? , point out to the viewer, day one gary gensler will probably quit because he doesn't want to work for donald trump. he coin fire him if he didn't quit, a supreme court ruling said you can get rid of certain administrators. hard for the president to fire the fed chair. you can. there are ways doing it but it is hard. sec chair not to hard. it is not like it is a huge lift to firing gary gensler. i can't imagine him being around. that being said, gensler has become a lightning rod clearly for, the republican party. doesn't have a lot of friends in congress on the republican side but right now among increasingly among democrats and you know, you can see it in some of the commentary from people like mark cuban who is a you know, wall street democrat. anthony scaramucci used to be republican now a democrat, involved in crypto they are -- liz: he is still a republican -- >> but he is a never-trumper. liz: he is against donald trump. >> i don't know. some of his -- liz: he i

trump: on day one, i will fire gary gensler.point a new sec chairman who believes america should build the future, not block the future. i will immediately appoint a bitcoin and crypto presidential advisory council. ed: what is the blockchain association and the groups you represent reaction to that statement? kristin: i think people are incredibly excited by that statement. we have had both at the blockchain association and when -- and within our member companies, a lot of outrage over the last couple years to the sec, to have a reasonable conversation about how to bring regulation to the space. as a result, gansler has come back with enforcement action after enforcement action and is causing the -- costing the industry legal fees to deal with challenges from the sec right now. this is absolutely ridiculous. this is not how things should be done. and people are angry. i think people are very excited that trump has come out this strong. i think it is interesting is we are also hearing a lot of conversations on the democratic sid

on day one i will fire gary gensler.sec chairman who believes america should build the future, not block the future. if we don't embrace crypto and bitcoin technology china will, other countries will. they will dominate and we cannot let china dominate. larry: yeah you know that, many good reasons, he is right, that last one by itself, cannot let china dominate. they're poking around in crypto too but we still have some advantages. he mentioned a bill coin stoke pile -- anyway, you were at this thing, senator blackburn. tell us about it. >> yes, indeed, it was quite a convention and a lot of bitcoiners were there. i was so pleased that the president spoke and following his remarks, vivek ramaswamy and i did a fireside chat and talked about how bitcoin and the opportunity to self-custody. the opportunity to have financial freedom and transactional freedom, and be able to use bitcoin as a store of value. that is important to americans and we think that the federal government beginning to have a strategic reserve of bitcoin

>> well, i think that gary gensler got caught on this one.e was trying to use traditional law, which says that if it's a security, it comes under his purview. but if it's not a security, frankly, it doesn't, and i think that former president trump obviously falls in the camp that it's not a security. the cftc is happy with that. so, you do have this dichotomy of different branches of the government. one is kind of happy with crypto and recognizes that if we don't do it, it's going to go overseas. i don't want to say happy. gensler was more circumspect and not happy with some of the lesser cryptos, which they don't feel merit owning, and they shared some of that stuff with the, and i got to tell you, there are some outlying coins that i don't think former president trump may really want. this is strange to have a strategic bitcoin because the reason why you want that is because the government's spending so much money. on the one hand, it's like -- it would be like if the government was spending a lot of oil and then you got to refill. but the

so look, this is entirely up to chair gensler as to what he would want to do in that event, but there'sving the position altogether or simply leaving the position as chair. >> and just to clarify on that, can the president take away the chairmanship and just have -- >> that is correct. >> he remains commissioner but not the chair. >> correct. >> interesting. with that covered, what would you say, chairman, about the way in which the sec has handled the emergence of kript crypto as an asset class? >> please call me jay. sirrat had this right. one of the fascinating things about crypto is that it came not through the institutional markets where most of the financial product development takes place. most of the financial product development in the nobody takes place in the u.s. in our institutional markets. crypto digital assets really came globally, and at the retail level. so the development was something very new for, i would say, regulators across the globe in the way that it -- in the way that it came about and there have been a lot of old lessons relearned and new lessons learned. on

particularly where he took on gary gensler directly.y are saying -- these folks have wanted to hear at the end of the day. whether trump bans go ahead with these proposals if they get into the white house again remains to be cleared to be frank. >> you have to wonder what his ideology is going to be. people who don't like gary gensler detest lena kohn and while he has been a senator, j.d. vance has been a huge supporter of what she has done. not everybody, want to be clear, not everybody in the world of tech and the vc world is backing trump and j.d. vance. we are seeing political brawls within silicon valley spill out into public view. the other day i interviewed the cofounder of linkedin whose back in kamala harris and a big big way and with the likes of conway and others pulling a coalition together to do the same. is for kamala harris is from. tell us what's happening here? >> i think people have to understand the culture of silicon valley and how rare this is. a lot of these people went to college together. they were were in each o

one, i will fire gary gensler. will appoint a new sec chairman who believes that america should build the future, not block the future. upon taking office, i will immediately appoint a bitcoin and crypto advisory council. sonali: as we saw former president trump campaigning more there in nashville, we also know from the "financial times" and others that kamala harris is also starting to change her tone to the crypto community as well, right? >> yeah, sonali. this underscores that being procrypto might be something that is attractive for both cans dates. making the u.s. the crypto capital of the planet which does represent a bit of an evolution for donald trump. during his first team in office herb suggested that bitcoin was a scam that the value of these tokens were made out of thin air. so this is an about-face. he issue his own n.f.t.'s in the bloomberg terminal. donald trump himself received donations and even in nashville, he was charging over $800,000 a head to fundraise to take part in his crypto round table.

about tech here but the same gym and basically the things that trump touched on were firing gary gensleres president, putting together this bitcoin set of experts to guide policy. this is all the things that some people who own crypto, executives who invest in the crypto space have wanted to hear for years, since joe biden became president, since gary gensler became head of the s.e.c. i don't know if those messages resonate with everybody. i still think there is some people in the tech world and crypto space were very open to listening and hearing out the vice president, vice president harris. but it certainly is resonating with enough people that when you watch back that speech that trump had in nashville, there was a standing ovation for certain parts of it, particularly when he took aim at gensler directly. i think what they're doing here is they are just saying some of the things some of these folks have just wanted to hear, frankly, at the end of the day, whether or not trump or j.d. vance go ahead with any of these policy proposals if they get in the white house again, which remain

and when you have gary gensler and sec.t of turn it is frustrating. but you know, laye larry, not only bitcoin and crypto assets, but you see this across the board, they don't want to innovate with it comes to clean coal technology or energy. and it goes on and on and on. with every industry. they want is power, they want control. they want to make the decisions. and thank goodness we have gotten a good decision on chevron. we have court kind of go after the fcc for one of their funds. that is a good thing, because we need to get the federal government out of the way out of your pocketbook and off your back. and free up free markets so people with en n innovate and solve problems we face of day. larry: it's time for a change. >> it's time for trump. larry: thank you, so much senator blackburn. >> see you soon. >> you got it. larry: coming up. kamala harris can't escape her record, her record, period, end of sentence, we have liz peek coming up and caroline downey when kudlow returns. [jeff laughs maniacally] (inner monologu

-- liz: joe biden putting gary gensler in charge of the sec and not sending a message that crypto might >> yeah. the democratic party is shift ising quickly on that. they get it -- liz: how can you tell? the how can you tell? >> well, we had two votes, right? first, the fit 211, a lot of democratic, 70 democratic congressmen voted against the core of the party. they voted, they voted to overturn -- liz: yeah, the rules, the banking rules that made it -- >> the custody rules. and so there's a definite shift of pace. and i think with biden stepping down that nexus to elizabeth warren and gary gensler and that anti-crypto gets diffused a lot. if the democrats win, we'll still see positive legislation in the fall. if the republicans win, it's going to be that much quicker. i think for our industry social security good either way. i'd rather have this be a bipartisan issue. i don't want, oh, the it's a republican issue and then all the a democrats are going to hate it. this is a technology that's good for america, for our national security and for jobs. i think of my own company. we've creat

chair gary gensler.om, we know the president doesn't have the power to sack appointed commissioners. gensler would remain on the agency. trump promised to launch a stockpile of 210,000 bitcoin around $14.5 billion the government has seized in leg actions. >> for too long, our government has violated the cardinal rule every bitcoiner knows by heart. never sell your bitcoin. if i'm elected, it will be the policy of my administration, united states of america, to keep 100% of all the bitcoin the u.s. government currently holds or acquires into the future. >> notably, he stopped short of proposing a formal federal reserve of the digital currency. he said the stockpile strategy would would seecement the token. a lot of people in the room, dom, were hoping for a radical pitch on what he could do for them in the oval office. >> mac, this is the situation, you caught up with people on the ground following the remarks from president trump. how exactly was the speech received by the general audience? was there exc

regulation — for some reason ecv crypto currency regulation and financial services regulation to gary gensler with the seasons, in silicon valley. many of these people have tech exposure, exposure and coin exposure through a number of currencies. this move towards donald trump is a direct result of that. what i would caution people about is the former president is very transactional, he says he is for one thing today, could very well be for another thing tomorrow. it really depends on what serves his personal interest as opposed to the american people. i would say to those billionaires, frankly, they are making the same cursory analysis and ultimately the misjudgment that i myself made and many others, many garden variety republicans like myself made in 2016. with the conflict in ukraine now in its third year, and a war in the middle east, us defence giant lockheed martin has seen sales rise sharply in the past year. the firm also has an order backlog of some $160 billion. its president michael williamson has been speaking to our corresondent theo leggett at the farnborough airshow in the sou

he said bitcoin is a great thing and i will fire gary gensler, anti-crypto, put that together and hegoing after them. they are trying their own offense. they were late to the game. the hedge fund impresario, i don't think it will work because there's so much animus in the biden administration but that is where we are. people that attended the event, jake paul, kid rock, the winkle foss twins who gave money to trump and marsha blackburn was there and senator haggerty with a fundraiser. there you go. crypto is not weird. neil: we have more on technology after this. the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on

. >> on day one i will fire gary gensler.ieves america should build the future not block the future which is what they're doing. cheryl: you only got a little bit in the clip but the crowd erected when he promised the fire gary gensler on day one in the overall message seemed to resonate with folks most folks shared they can't stand for another four years of anti-crypto administration, we're going to wait until november to see the difference a denture crypto voting block will make that one in five americans own crypto so that could move the needle and swing states. cheryl: kelly o'grady, the spring and the word on wall street panel top investors watching your money, headington loss asset management president and chief investment officer kevin mahn and mark tepper, first your reaction to kelley's hit, interesting one in five americans own crypto. >> when you have an endorsement from president trump, someone that big and powerful that should be incredibly bullish for crypto and lead to more adoption of crypto and actual currenc

the sec and gary gensler are the main complaints and then you have venture capital investors who aremore focused on the ftc and lena khan deal scrutiny is top of mind and vance is a familiar face here who was an investor for about five years and he worked for paypal founder before starting his own firm and he has ties to goldman sachs and elon musk that helped raise his profile rally and other wealthy donors. this is kamala harris' backyard and she was born here in the back area and former d.a. for san francisco and california attorney general. she's raised about $100 million thanks to wealthy tech donors from the other side of the paypal mafia names like reed hoffmann. >> there's been speculation whether trump would actually change vance to someone else to his running mate. it's probably late in the game, but you never know. does that reduce the enthusiasm for the fund raiser tonight? >> not that we've heard. the enthusiasm is some former democrats, and i think there are some who have gone into this with undecided voters because of what happens at the federal agency level, they woul

gary gensler the new sec chair, went after even more.rren. >> who is very close to gary gensler. that spilled out in the meeting. there was senior white house official there, apparently anita dunn attended. liz: sure. >> jeff zeints was invited. he did not go for obvious reasons. he is the chief of staff. there is existential threat to the presidency going on right now. liz: also the nato summit. >> nato summit. a lot of stuff is going on. the chief of staff doesn't need to be there. anthony scaramucci was there. ro khanna, i can say his name. i can say his name. liz: thank you. >> he hosted the meeting with mark cuban, good guy. known mark forever, crypto guy and a democrat. that is where there is coming from, reintroducing the democratic party to the crypto industry, trying to get them on board with the crypto industry and, i don't think they pulled it off just based on the sort of give-and-take that was going on. i mean, yes, anthony, used to be a republican, used to be trump chief of staff, trump chief spokesman. he hates trump now.

which is what they're doing. >> i was there, the crowd erupted when he said he was going to fire gary genslere got more fired up, you have to wait until november to see how much of a difference the crypto voting block has but one in five americans own crypto. stuart: trump goes to the bitcoin conference, kamala harris did not go, she never showed up. let's get more on jeff sica, thank you for joining us this monday morning why is the endorsement of crypto and bitcoin in particular so important. >> is so important because as president trump said as a biden and hear his administration spent three and half years trying to kill it which is why i call it the freddy krueger of financial assets cannot be killed, now he's coming out and embracing it and saying one of the key points of the conference saying if the u.s. doesn't do it china's going to do it this is a very competitive strategic move and it can move up the price on bitcoin and the biden here's a administration is most likely going to continue with opposite side she was offered an invitation to go and she declined. as it stands, this is no

the leader of this push is the chair of the sec, gary gensler, and the argument that he has made overver is that most cryptocurrencies are essentially securities, which is to say that they're just like stocks and bonds that are traded on wall street and that they ought to be regulated as such, and that crypto companies should have to make all the sorts of disclosures and follow all the same rules as people who offer those traditional investment products. that is a legal argument that the crypto industry hates. they're fighting back against it, saying that if the sec beats them in the courts on this issue, then they'll be driven out of the united states. so that's sort of the crux of the debate, and trump went in front of a crowd of bitcoin supporters over the weekend and said, one of my first acts as president will be to fire gary gensler, and it got probably the biggest cheer of the day. william: so, do we know what vice president kamala harris might do if she were elected? is it safe to say she would discontinue the biden administration's current approach? david: it's hard to say fo

regulation — for some reason ecv crypto currency regulation and financial services regulation to gary genslers, in silicon valley. many of these people have tech exposure, exposure and coin exposure through a number of currencies. they have choked down and made it very difficult for a good actor like coinbase and kraken to operate outside of the united states this move towards donald trump is a direct result of that. what i would caution people about is the former president is very transactional, he says he is for one thing today, could very well be for another thing tomorrow. it really depends on what serves his personal interest as opposed to the american people. i would say to those billionaires, frankly, they are making the same cursory analysis and ultimately the misjudgment that i myself made and many others, many garden variety republicans like myself made in 2016. anthony scaramucci there speaking to my colleague. plenty more to come on bbc news. by by sunday a change in weather patterns, drier, sunnier and warmer, change down to the jet stream, also changing, on saturday we have the

he says he would fire gary gensler, the sec chair, and replace him with regulators who love the digitalstry should he win power in november. bitcoin gaining by 2%. that is it from bloomberg markets: asia. horizons middle east & africa of next. this is bloomberg. ♪ with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates, or its employees. >> this is a paid advertisement for csn.

chair gary gensler.t his approach. >> his approach seems to be the exact opposite of what it should be. the question that s.e.c. seems to ask in regulating crypto is this a token with utility, and if it's a token with utility, then they seem to want to ban it. if it's a token without utility, they don't seem to care. i almost think we should be the opposite here. >> vaps is also bringing with him other investors. in a video the duo voiced frustration with the biden administration's posture toward crypto and says trump's policy platform better aligns with their views. >> it's like a flat out endorsement of the entire space, it's an absolute 180 from what we've been experiencing. >> other major players in the crypto space include the winklevoss twin, the co-founders and heads of gemini. >> emily, i want to go back to something you said earlier. we do know former president trump is going to speak at a crypto conference later this month. could we hear policy on that speech during the crypto conference? >> we

and gary gensler is the complaint from the crypto crowd, but the issues with lina khan and the ftc. face in silicon valley. he worked for peter thiel before starting his own firm and he has close ties to david sacks and elon musk. meanwhile, this is kamala harris' backyard. the former d.a. of san francisco. she raised $100 million thanks to wealthy tech donors from the other side of the paypal mafia. kate rooney, cnbc business news in palo alto. >>> the central bank is widely expected to hold rates at a 23-year high. a string of positive data and warnings from fed officials not to wait too long to cut. >>> the bank of july begins its monetary policy meeting today. the central bank is expected to hike the interest rate from 0.1% from the range of 0% to 0.1%. bank of america expects it could rise to more than double that. >>> traders are watching the bond buying. >>> our next guest says private equity markets are undergoing a big shift with liquidity solutions explexplored. that guest is william barrett. william, thank you for your time. what we're talking about here is semi liquid so

so, he's been in conversations, being advised on who could potentially replace gary gensler, be moreriendly to the community. he's been talking about rolling back regulation, which is a mixed bag. of course, we saw the washout of 2022 and a lot of that came from not having enough compliance, not enough hard and fast rules. his vice presidential pick, jd vance, also has his own crypto regulation that will go up against what we're expecting to see from senator lumis, so a lot of different pieces out there. i think people are very keen to see if the u.s. might at bitcoin to its balance sheet, though. >> mackenzie, thank you. mackenzie sigalos. >>> after the break, apollo's chief economist. >>> let's give you a look at futures as we begin trading 15 minutes from now. nothing's changed. we are looking for a srphaly higher open. a lot more "squawk on the street" straight ahead. [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you

the moon and among america to be the nation for the leads that way and on day one, i will fire gary genslerpoint a new sec chairman who believes that america should to build the future, not block the future which is what they're doing. liz: will big point has been popping of president trump's remarks the saying that he will make the u.s. the crypto capitol of the world, if he's reelected and for more in all of this, this will come back to the show senator will haggerty from senate banking and senator is good to see you you were at the 2024 conference national were president trump spoken would you make of it. bill: the energy there was electric liz the ground was so responsive to president trump and if you think about the alignment for the basic fundamental republican principles of freedom and liberty to president trump is speaking to his audience is a big white horse and very much in that same vein i think they saw the alignment president trump is very quickly he wants to see this invasion happen here in america i'm not force not the way the current administration so he is embracing like th

gary gensler called it the wild west of investing.ot of stuff here. anyway, this looking to tap into that. the republican convention should be interesting. i will look at it for a lot of reasons but crypto, probably will be a crypto speaker, or at least vivek will speak and he will mention it. that is kind of what i'm hearing. the democrats are trying to play catchup on this and it is really interesting, my producer, ellie tarit, did a fascinating story about ro khanna democratic congressman. liz: ro khanna. >> sorry. the democratic congressman from silicon valley, from the silicon valley. middle of technology. he is a big crypto guy. he is trying to hold a roundtable with white house officials. we don't know. they have been invited. jeff zeints has been invited that is biden's chief of staff, to get some groundswell for the democrats to play in this crypto arena. a lot of people are going. there is a lot of crypto industry types going, trade groups going. we don't know who the biden administration is going to send if anybody. there i

. >> on day one i will fire gary gensler and appoint a new sec chairman. sec chairman who believes america should build the future, not block the future which is what they're doing. [applause] daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. [water flowing] [water flowing] [phone dings] oh my god. what? the host is coming back. (♪) [birds chirping] [phone dings] meanwhile, at a vrbo... oh my god. what? i got onekeycash on this house. hmm... [water flowing] hmm... when other vacation rentals throw curveballs, try one that gives rewards. hi, i'm greg. i live in bloomington, illinois. i'm not an actor. i'm just a regular person. some people say,

just over this last weekend, he vowed to fire sec chair gary gensler to ensure that there are more or less regulations in place. and so this is something that we've seen happen over the course of time partially because he likes designing nfts is what we've learned forgive me for imagining that this might not be policy and might be more politics. i mean, does he sense that there is a way to juice his support with a particular category of, of tech bro kind of voters here is that, is that what he's looking to do? >> certainly the campaign has even told us that this is a prime group to get votes and donations. just since he is accepted crypto donations like already raised $4 so this is really a boon for them. and to the other portion of the electorate that they're targeting our voters that might otherwise support rfk junior, which is another dynamic in this race. have we have to count war, understood. >> it is the sense still that rfk junior's pulling votes more from trump than from, while democratic care candidate, of course, it was biden now a terrace. >> it's still unclear what the pol

thank you very trump went on to say that he would fire sec chair gary gensler on day one. >> he is someone who the crypto community views as one of their top public enemies. he also said that he would created a crypto advisory committee that within 100 days would provide a new regulatory framework for bitcoin that is pro cryptocurrency. and he said he plans to make united states the bitcoin mining mining powerhouse of the world that was essentially everything. people in this room wanted to hear when we asked trump's campaign, what's behind this total one at flip on bitcoin. they really didn't give us much of anything answer, but i will point out that trump has received considerable financial support from the bitcoin community. many of its investors and founders have contributed to his campaign. trump himself has, his campaign has taken about 4 billion, excuse me 4 million worth of bitcoin. that's something we heard from his campaign and he also received a bitcoin on stage today as this community continues to call him, it'll be interesting to see how this court should though plays out with

do you think, if she did win, what -- you don't think she'd go the elizabeth warren-gary gensler route i don't want to overspeak on this, but we had been in discussions with the biden administration and people close to the vice president, and remember, she also represented the state of california, which is still arguably one of our most if not "the" most innovative state in the union, and i think the message from her and her team is that they've got to come around. remember, joe. uber, nobody wanted uber. a lot of regulators didn't want it. mayors, deputy mayors didn't want it but the people wanted uber and eventually people came around to the idea of regulating it fairly. i think we're there now. in fact, i know you like president trump. i'm going to say something nice about president trump. try not to fall of you your chair. i think president trump's move towards bitcoin and towards crypto assets has shaken the democrats to the core, and i think it very smart, younger democrats are recognizing that their way off base with their positions, way off base with these s.e.c. lawsuits and r

gary gensler to be dead set cryptorr being securities except for bitcothe s how would you advise startupsdeali w they're there's not a lot of clarity and clarity that has come from the sec has bluly yo'o register you know these are investment con tough on crypto too just so just to get out from context so simple to think of it is in the world there's things like gold which are classified as commodities and then there are securities. it's like the apple stock. and the main difference with security, there's sort of a group of people like the apple team who know something about like the future earnings of the company that is material to the ic stock. and therefore what the role asaround securities is to make sure it's a level playing field make sure that there's insider tradher's . those those rules do apply to things lik so gold just even though there's people that are probably on gold anud the kind of legal theory is gold is, you kn enough. there's just enough you know, there's no sort of company that controls it or something that you don't. you need a different regulatory and as you said,

because of these rules that gensler's put in place. congress used the mechanism available to us, the congressional review act, to overturn this harmful so-called guidance. to be clear, a bipartisan c.r.a. send as strong message, a bipartisan -- sends a strong message. a bipartisan congressional review act vote that passes both chambers, that's a mandate from the americans we represent. despite all the recent progress and bipartisan agreement, president biden vetoed the first digital asset-specific legislation that ever passed the house and the senate. it's never been clearer. this administration would rather play politics and side with power-hungry bureaucrats over the american people. and over new technology and the safe use of new technology. so i urge my colleagues to support today's resolution, overturn the veto and take a small step to bring sanity to the american digital asset policy landscape. and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentlelady from california is recognized. ms.

challenged here because chevron says the agencies don't have much power, obviously we knew that gary gensler was not a big fan. it doesn't matter. it's been overridden. the fact that ether is selling off is just a testament to how much it had been bid up. not really anything significant. >> we do have alphabet, of course, tonight. the whiz news, talks have broken down, going to focus on the ipo. >> congress -- we don't even know what they're thinking now in washington other than the election. i would say this, go over the netflix letter. there's this moment where they praise youtube saying youtube is doing really well. i think that that's the story. i am very worried. my travel trust owns it. i worry that search is being cannibalized. i don't go on search as much as chatgpt. >> we talked abilout that. the market was worried about it for a period of a few weeks and went away. youtube is a powerhouse, and the netflix press release they did note time spent which is what they said they compete against. youtube has bigger market share of time spent versus netflix. when you combine youtube tv, tha

on day one, i will fire gary gensler and appoint a new s.e.c. chairman. i didn't know he was that unpopular. >> trump stopped short of promising a u.s. bitcoin strategic reserve which has been b bandied about. that approach has been encouraged within crypto circles which opposed the current practice of regular auctions of seized crypto assets. maybe not set up to start acquiring, but don't sell them once you do get them from seizing the asset. if you were do go to the same amount as we hold as gold, people say, what the target would be for bitcoin? double from now? >> do you think the move in bitcoin has anything to do with expectation of who is president is going to become? is that like -- >> i'm watching. utes it's close. it's close. >> a lot more money in bitcoin than predicted markets. >> the bitcoin goes up and down. >>> new overnight, venezuela's nicolas maduro claiming victory from the elections securing a third six-year term. opposition leaders contested the outcome. maduro trailed his rival for weeks by 25 percentage points in the polls. >>> in t

names like gary gensler and elizabeth rathwarren.dicals are coming into the treasury. >> senator, you were very involved, obviously, with efforts to get majority for republicans in the senate, and there was a lot of down ballot concern about president biden being on the ticket. some of the betting sites narrowed when vice president kamala harris became the pr presumed nominee. has anything changed in any of the races? is the optimism about, i don't know, your home state. montana. or any of the other close states? is it -- are you still optimistic? which ones do you think republicans are going to be able to flip? >> yeah. i really don't see harris' entry as a major reset, both in terms of top of the ballot for the president and down ballot. there's going to be a little harris honeymoon going on. probably go through the democratic convention in chicago. turn the corner monday. i'm not sure a greater contrast between two ideologists. you've seen the cnn poll that came out still had trump up nationally 49-46. within the battleground stat

talked to gensler about that, nobody in the s.e.c.s.e.c. then you have to -- wait for congress to do it to themselves and they're never going to do it. >> not changing much. my view, congress should pass just like supreme court passed its only won't on transparency. you have a window. readjust your portfolio, an sent that apply for a hardship exemption. get ouch the business of trading. >> jay clayton. we'll see what happens over the latter. last week, get to those decisions as well. thank you. >>> coming up, a call to prevent china from going to the same economic playbook used in the past when in trouble. joins by the ranking member of the house china select committee. and then the key points that former counsel of economic advisors, kevin hassett. you don't want to miss that. stay tuned. you're watching "squawk box" on cnbc. it's hard to run a business on your own. make it easier on yourself. with shopify, you can have your inventory, payments, and customers in sync across all the places you sell. start your journey with a free tria

the crowd cheered loudly as he said if he wins the election he would fire sec chair gary gensler's terms not up until 2026. and it was an eventful opening weekend at the olympics. simone biles and suni lee stole the chauffeured u.s. gymnastics. kevin durant power usa basketball to win over serbia and the u.s. secured its first goals with the men's freestyle relay. officials did cancel training in the seine after the rainy weekend elevated pollution levels in the river. overall the u.s. currently leading with 12 medals overall, three of those goals. that is your brief. jonathan: appreciate it. more in about 30 minutes. up next, ramping up the search for a running mate. >> i'm not speaking on anything personal on this. being mentioned is certainly an honor. my job is to make sure, and i trust that vice president harris will make the best choice she is going to but one way or another she is going to win in november. jonathan: that conversation up next. live from new york city this morning, good morning. ♪ ♪ jonathan: welcome to the program, good morning to you all. a brand-new trading week