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Learning & News => News related to Crypto => Topic started by: TomPluz on June 15, 2024, 04:20:17 AM

Title: Mark Cuban: Gary Gensler Could Cost Joe Biden The Oval Office
Post by: TomPluz on June 15, 2024, 04:20:17 AM
(https://www.sportico.com/wp-content/uploads/2024/02/markcubanmasterclass.jpg)

More of this exciting news here.  (https://cryptonews.com/news/gary-gensler-could-cost-joe-biden-the-oval-office-in-2024-mark-cuban-says.htm)


Quote
Cuban claimed that the federal regulator “could literally cost Joe Biden the election” due to the large percentage of young people in America who invest in crypto.

“If he (Gensler) has a political career in mind, he’s done,” Cuban continued. But Thursday’s comments are far from the first time the “Shark Tank” star has made such claims as the U.S. Presidential race between Biden and Trump heats up.

Biden has largely stood by Gensler in his regulation-by-enforcement approach to digital assets, though the current U.S. President has seemingly been forced to shift his tone amid Trump’s heavily pro-crypto stance.

Most recently, Biden notably did not announce plans to veto the House of Representatives Financial Innovation and Technology for the 21st Century Act (FIT21), a bill that would delegate slight regulatory authority over digital assets to the Commodity Futures Trading Commission (CFTC) while providing companies in the blockchain industry greater freedom to innovate without fear of governmental enforcement.


I understand that Mark Cuban is actually not a fan nor a supporter of former President Donald J. Trump but he is astute enough to comprehend the many failures by the Biden administration as far as how it relates to this expanding yet fledging industry. Now, sensing that there is an anger of the cryptocurrency people in USA right now, Biden and his minions is trying to reach out to the community by offering the possibility of it working with the industry but I guess that just like its latest foray on the border security it is too little too late as actions speaks more voluminous than words: the Biden-Kamala administration is what Gary Gensler and Elizabeth Warren are doing. In case, Biden will be hiring you as one of his many consultants and your focus is on the crypto industry, what are the things would you recommend for him to do to salvage his chances come November 5?





Title: Re: Mark Cuban: Gary Gensler Could Cost Joe Biden The Oval Office
Post by: target on June 15, 2024, 07:30:03 AM
A bit late for it. Although Biden is slowly doing what Trump been trying to do, Americans are fixated in believing the government can't be trusted.

Even if Trump wins, the people still couldn't trust him. He is just doing all these for votes thats what is all these for.

I am not from US but what I could suggest is Biden distributes $30 of BTC to a government backed wallet like Nayeb Bukele did, maybe 🤟 citizens will be glad to adopt BTC. Yep too farfetch.
Title: Re: Mark Cuban: Gary Gensler Could Cost Joe Biden The Oval Office
Post by: NotATether on June 15, 2024, 11:43:42 AM
Quote from: target on June 15, 2024, 07:30:03 AM
I am not from US but what I could suggest is Biden distributes $30 of BTC to a government backed wallet like Nayeb Bukele did, maybe 🤟 citizens will be glad to adopt BTC. Yep too farfetch.

LOL, that will never happen  ;D

The federal reserve is not going to give handouts. It's not even a public institution, it's privately ran by people like the Rockefellers, Rothschilds etc. all of whom hate Bitcoin and other cryptocurrency, so why would they try to give out free money of any kind, let alone free crypto?

Not even the banks will do that as they are obviously profit-oriented as all capitalist companies are.
Title: Re: Mark Cuban: Gary Gensler Could Cost Joe Biden The Oval Office
Post by: Faisal2202 on June 15, 2024, 08:13:37 PM
Quote from: target on June 15, 2024, 07:30:03 AM
I am not from US but what I could suggest is Biden distributes $30 of BTC to a government backed wallet like Nayeb Bukele did, maybe 🤟 citizens will be glad to adopt BTC. Yep too farfetch.
People won't fall for $30 as they can make more than this in hours if have a good job or even an average job as well. This is not El Salvador, this is the US we are talking about. I know the currency is the same but its the value of the money. Overall, I would say to increase the adoption of BTC or crypto.

They don't have to give $30 but good education would be a wise move. Or free education, free courses with certified certificates, etc. ETFs have already motivated the people of US to invest in BTC and to prefer crypto as an investment opportunity. So I don't think it would be wise to give $30 if $300 then we are talking haha.