Mark Cuban

The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency

Billionaire investor and cryptocurrency advocate Mark Cuban recently shared his thoughts on the potential for havoc that Gary Gensler’s actions as head of the Securities and Exchange Commission could wreak on incumbent United States president Joe Biden’s bid for reelection. 

Speaking at Coinbase’s State of Crypto Summit, Cuban opined that Gensler could “literally cost Joe Biden the election,” per Fox Business reporter Eleanor Terrett.

This isn’t the first time Cuban has gone on the record to indicate that it’s his belief that Gary Gensler, and by extension the SEC itself, could act as a foil to Biden’s second term hopes. long called for regulatory clarity. As Cointelegraph reported back in May of 2024, Cuban called for the United States Commodity Futures Trading Commission (CFTC) to take over cryptocurrency regulation duties.

Read more