Trump could beat Biden in these elections thanks to the crypto community, says Mark Cuban – DiarioBitcoin

For Cuban, the crypto community’s vote could be decisive between both candidates, and he points out that although neither of them possibly understands crypto, Biden’s decisions will be crucial in tipping the balance.

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• Cuban sees it possible that Trump will overtake Biden in the next elections
• Attribute this possible result to the votes of the crypto community
• He points out that Biden will have to choose between Gary Gensler of the SEC and the voters of the sector
• Both candidates are focusing part of the focus of their campaigns on digital currencies

Mark Cuban, a renowned investor and a renowned enthusiast of digital currencies, assured that it is very possible that presidential candidate Donald Trump will be able to defeat President Joe Biden in these elections by the end of the year, and this could happen thanks to the community of voters who like the currencies. cryptocurrencies.

Trump vs Biden: Crypto voters will make the difference

Cuban’s statements came to light in a debate on the social network (Twitter), where Cuban alleged that the vote of the community of crypto users residing in the US could be decisive for these presidential elections, especially now that for many analysts the issue now has clear political overtones at this time.

In response to lawyer Preston Byrne who claimed that Trump had a clearer policy towards cryptocurrencies than Biden, Cuban emphasized that neither of them probably understands these assets well:

“Do you really think he understands anything about cryptography? Beyond saying you made money selling NFTs? Neither of them do it.”Cuban said, referring to Biden and Trump. He added that the current president would have to choose between Gary Gensler, president of the Securities and Exchange Commission (SEC) and crypto voters, since not making the right decision could cost him the race for the White House.

He later agreed with Byrne that Biden has been somewhat unassertive regarding crypto policies. For example, we have the case of the recent veto of the bill SAB121 approved by the US Congress, This despite the fact that he asked said body to find a solution to address these issues.

Cryptocurrencies as a political issue

Cuban’s clarifications come into place in one of the most controversial phases of this race to reach the US White Houseas both Biden and Trump have made moves that directly aim to capture the attention of local crypto users.

On Trump’s side things have been much more direct, as he recently proclaimed himself the “cryptopresident” at a fundraising event in San Francisco hosted by the general partner of Craft VenturesDavid Sacks and tech billionaire Chamath Palihapitiya.

Prior to this, Trump has been making pro-Bitcoin in addition to promises to sector enthusiasts. Although he has assured that he himself does not personally invest in Bitcoin nor other digital currencies, (although it does have its own portfolio), has said that it believes in the right for anyone to use them freely in the country.

On Biden’s part, although there have been no statements, perhaps the most notable thing was the approval by the SEC of ETFs Ethereum in cash, products that were considered rejected after the hostility with which the regulatory agency has acted in recent months.

In a surprising turn of events, last month the SEC approved applications for ETF Ethereum in cash, but there is still the formal approval of a final form for them to begin operations on the US stock market, which is believed to happen just before the elections to create a friendlier environment for the crypto sector with clear electoral intentions.

As for the elections, these will take place on November 5, with Trump and Biden appearing as the main representatives of the parties Republican and Democrat, respectively.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.