Billionaire Mark Cuban is concerned about President Joe Biden's re-election prospects and blames the US Securities and Exchange Commission (SEC). 😟
- Cuban criticizes SEC Chairman Gary Gensler's approach to regulating the crypto industry.
- According to Cuban, Gensler did not protect any investor from fraud, but only made it more difficult for legitimate crypto companies to operate.
- Cuban is calling on Congress to solve this problem for Biden by passing legislation that defines registration specific to the crypto industry.
- Meanwhile, Donald Trump, who previously called Bitcoin a "scam", is now appealing to cryptocurrency donors.
- Observers note that Trump changed his stance on crypto while he was saddled with millions of dollars in legal fees and fines due to ongoing legal issues.