- Mark Cuban believes Gary Gensler could hinder Joe Biden’s re-election.
- Cuban believes the population of young voters who own crypto could swing the votes.
- The problem of American crypto companies is the SEC’s registration process.
Billionaire investor and cryptocurrency advocate Mark Cuban has warned that the Securities and Exchange Commission’s aggressive regulatory approach, spearheaded by Chairman Gary Gensler, could jeopardize President Joe Biden’s re-election bid.
Cuban believes the growing number of young crypto investors, disillusioned by the SEC’s actions, may express their discontent at the polls.
NEW: @mcuban says @GaryGensler could “literally cost @JoeBiden the election” because of all the young voters that own crypto.“If he has a political career in mind, he’s done,” Cuban says of Gensler. https://t.co/zNtsI2QyZB
— Eleanor Terrett (@EleanorTerrett) June 13, 2024
Fox Business reporter Eleanor Terrett highlighted Cuban’s comments from a recent Coinbase (NASDAQ:COIN) “State of Crypto” event on X (formerly Twitter). Cuban revealed he had spoken with U.S. politicians about the impact of Gensler’s actions on American crypto companies, emphasizin…
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