Mark Cuban, the billionaire celebrity investor, has expressed concerns that the U.S. Securities and Exchange Commission’s (SEC) harsh stance on cryptocurrencies could hinder President Joe Biden’s re-election campaign. In an interview with Coinbase’s chief legal officer, Paul Grewal, Cuban highlighted the unique challenges faced by the U.S. crypto community due to SEC chairman Gary Gensler’s approach to crypto regulation. He pointed out that other jurisdictions like Singapore and Japan do not encounter the same issues. Cuban emphasized that the registration process, rather than the entrepreneurs themselves, is the problem. He also mentioned that the lack of efficient regulation contributes to the prevalence of illicit activities in the crypto space. Cuban suggested that these regulatory obstacles could have political consequences for Biden, as a significant number of young crypto investors may be dissatisfied with the difficulty of registration, making it easier for fraudulent cryptocurrencies to proliferate. It remains to be seen how these concerns will impact the upcoming presidential election.