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International Business Times
International Business Times
Marvie Basilan

Gensler's Crypto Stance Could Cost Biden 2024 Election: Mark Cuban

Mark Cuban Gary Gensler Joe Biden SEC Crypto Donald Trump Stuart Alderoty White House
SEC Chair Gary Gensler refused to clarify the status of Ether as a security or a commodity during a Congress hearing last year. U.S. House Committee on Financial Services YouTube | Oversight of the Securities and Exchange Commission (EventID=115751) (Credit: U.S. House Committee on Financial Services YouTube Channel/Screenshot)

KEY POINTS

  • Cuban said Trump probably doesn't know anything about crypto beyond the money he made from NFTs
  • He said Biden would have to choose between Gensler or crypto voters or he could lose in November
  • Ripple's CLO previously blasted Gensler for being a 'political liability' after allegedly overplaying his role

Billionaire Mark Cuban, like many other American voters, appears to be watching the campaigns of President Joe Biden and Republican presidential candidate Donald Trump closely as he suggested that the Democratic leader may lose the November 2024 elections if he doesn't make a choice about the cryptocurrency industry.

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