In a recent social media post, billionaire investor Mark Cuban has urged the United States Commodity Futures Trading Commission (CFTC) to regulate all crypto assets, while also calling on the US Congress to provide much-needed clarity for the industry before the 2024 presidential election.
Cuban, who boasts a following of 8.8 million on Twitter, believes that establishing clear regulations for the crypto industry could help secure another term for President Joe Biden.
He stated:
“You could solve this problem for Biden by passing legislation that defines specific registration requirements for the crypto industry, similar to other industries.”
The entrepreneur also warned that if Biden does not win the election, the current Chairman of the US Securities and Exchange Commission, Gary Gensler, could be held accountable for failing to address the concerns of crypto voters.
