forecastingCuban: Joe Biden is risking his position because of the SEC’s position on the crypto market

2 min readJun 20, 2024


SEC Chairman Gary Gensler’s digital currency policies could “literally cost Joe Biden the election.” This opinion was expressed by the famous investor and crypto enthusiast Mark Cuban.

This is not the first time the billionaire has spoken about the importance of open support for the cryptocurrency industry for American presidential candidates. Cuban has previously said that the fight between the SEC and representatives of the digital asset industry could have a negative impact on support for the current head of the country.

“Crypto is the mainstay of young and independent voters,” the investor said.

In his opinion, Donald Trump has a significant chance of winning the election due to his positive outlook on the development of the cryptocurrency industry. However, Cuban is skeptical about both candidates’ digital asset competencies.

Let us remember that Trump previously promised not to interfere with the spreading of BTC and other crypto coins if he wins the election. He recently announced the start of accepting donations in digital currencies.

“Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly offer you a chance to contribute to the campaign with cryptocurrency. Saving our nation from Biden’s failures requires your support,” the crypto donation page reads.

Earlier, the politician released a statement that the United States is obliged to become a leader in the international crypto market. In addition, Trump promised that he would protect the interests of miners.

Interestingly, Joe Biden’s campaign is also considering accepting donations in digital currencies. The media, citing a source, write that in this way Biden wants to get support from crypto enthusiasts.