Mark Cuban Says Explains Cryptocurrency's Pivotal Role Determining Trump's Potential Win Over Biden — 'It Could Cost Him The White House'

Billionaire Mark Cuban has highlighted the potential influence of cryptocurrency on the upcoming 2024 U.S. presidential election, particularly in relation to President Joe Biden’s allegiance to SEC Chairman Gary Gensler.

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Mark Cuban expresses his doubts over Biden and former president Donald Trump’s understanding of crypto during his recent thread on X. Despite this, he believes the ‘crypto vote’ could be a deciding factor in the November 2024 election.

“Biden has to choose between Gensler or crypto voters or it could cost him the White House,” Cuban stated on X.

Cuban has previously indicated that the cryptocurrency industry will play a significant role in the 2024 election. He suggested that Biden’s potential loss could be attributed to Gensler and the SEC’s approach to the crypto industry.

He criticized Gensler for failing to protect investors from fraud and making it “nearly impossible” for crypto firms to operate. “Crypto voters will be heard this election,” Cuban asserted on May 10.

Gensler has publicly criticized the Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to establish a comprehensive framework for crypto regulation. Biden has also expressed opposition to FIT21, but stated his administration is “eager to work with Congress” on additional digital asset regulatory frameworks.

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