Dollar billionaire Mark Cuban, one of the most well-known investors in the US, stated that cryptocurrencies are one of the important elements that will determine the winning presidential candidate in the November elections.

“If Biden loses, it will be because of Gensler”

Stating that the anti-crypto stance of the Joe Biden administration will cost them dearly and that Trump’s policy is correct, Cuban did not bypass Gensler in his comment on X:

“If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the SEC. Crypto is a mainstay with younger and independent voters. All he has done is make it nearly impossible for legitimate crypto companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs.”

“This is also a warning to Congress.”

Cuban, who is known to large crowds as the owner of the Dallas Mavericks, also called on the US Congress:

“This is also a warning to Congress. Crypto voters will be heard this election. You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them. Or you could do the better option and assign all crypto to be regulated by the CFTC.”

In a survey conducted in January, more than 51 percent of cryptocurrency investors said they were considering voting for Trump, while 41 percent said they were considering voting for Biden.