According to Foresight News, Mark Cuban, the former owner of the NBA's Dallas Mavericks, recently expressed his concerns over the cryptocurrency policies of the U.S. Securities and Exchange Commission (SEC). He suggested that these policies could potentially influence the outcome of President Biden's election. Cuban criticized SEC Chairman Gary Gensler, stating that he has not protected any investors from fraud and has made it nearly impossible for legitimate cryptocurrency companies to operate.
In previous news from Foresight News, it was reported that Cuban sold the majority stake of the Dallas Mavericks to Miriam Adelson and the Adelson family, who are prominent figures in the gambling industry, in November last year. The deal was estimated to be worth around $3.5 billion. Despite the sale, Cuban retained a portion of the team's shares and control over the basketball operations.