Major Democratic donors ask Harris to replace SEC and FTC chairmen if she wins in November

Major Democratic donors on Wall Street are pressuring Vice President Kamala Harris' team to replace Federal Trade Commission (FTC) Chair Lina Khan and SEC Chairman Gary Gensler if she wins in November. The donors have repeatedly cast Khan as a figure who is holding back the tech industry and other parts of the economy in calls and fundraisers with Harris' team, according to people familiar with the matter. Since July, IAC Chairman Barry Diller and LinkedIn co-founder Reid Hoffman have publicly called for Khan's removal, calling him "declaring war on American business." Khan was appointed by President Biden in 2021 and is popular with progressive Democrats such as Elizabeth Warren. Meanwhile, Gensler, who serves as SEC chair until 2026, has also been privately disliked by Democratic and Republican donors. Billionaire Mark Cuban, who supports Harris and says the SEC needs change, has offered his name to the vice presidential team as a candidate. The Harris campaign did not comment on the news. (Bloomberg)