Venture capitalists and Silicon Valley figures have shown support for Donald Trump’s bid to reclaim the U.S. presidency, with a focus on cryptocurrencies. Mark Cuban, a prominent billionaire, believes that the interest in Trump’s return is linked to the world of digital currencies.
In a recent statement, Cuban highlighted that this move is essentially a strategic play centered around Bitcoin. According to him, having Trump back in office could lead to a more favorable environment for crypto businesses, especially considering the anticipated regulatory changes at the U.S. Securities and Exchange Commission.
The cryptocurrency sector has long been critical of the SEC for its stringent regulations that hinder the operation of digital asset enterprises within the United States. Cuban, known for his outspoken views, has previously clashed with the SEC over allegations of insider trading.
