Regulation
Mark Cuban urges CFTC regulation of ‘all cryptocurrencies’ ahead of US elections
Billionaire investor Mark Cuban claims the Commodities Futures Trading Commission (CFTC) regulates “all cryptocurrencies.” This move aims to address crypto voters’ concerns and potentially boost President Joe Biden’s reelection bid. Cuba’s call for regulatory clarity emerges amid a tense backdrop as SEC Chairman Gary Gensler faces criticism for his tough stance on cryptocurrencies. Ahead of the US elections on November 5, the role of cryptocurrencies has become an important issue for voters, as indicated by recent polls. Indeed, the CFTC’s call for oversight reflects ongoing debates surrounding cryptocurrency regulation and its impact on the future of the industry.