Gemini co-founder Tyler Winklevoss has urged the crypto industry to demand to know who the next U.S. Securities and Exchange Commission (SEC) chair will be before the election. He also urged crypto supporters to “demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is the best home in the world for crypto.”
Who Will Replace Gensler? Winklevoss Urges Crypto Industry to Demand SEC Chair Decision Before Election
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Winklevoss Criticizes Biden-Harris Administration Over Crypto
Tyler Winklevoss, co-founder of crypto exchange Gemini, issued a call to action to the cryptocurrency industry in a detailed post on social media platform X Friday, urging it to present essential demands to political leaders.
The Gemini co-founder explained that in June, he and his brother Cameron were initially invited to a crypto round table in Washington D.C., which included White House representatives. However, they were later disinvited after publicly endorsing former U.S. President and presidential candidate Donald Trump. “The Biden-Harris Administration did not want us there and refused to attend the event if we were present,” he described.
Winklevoss criticized the Biden-Harris Administration for avoiding genuine engagement with the crypto industry. He argued that if the administration sincerely wanted to understand the industry’s perspectives, they should welcome even their harshest critics. He also questioned the decision-making process within the White House, hinting at internal inconsistencies. He noted that Vice President Kamala Harris declining an invitation to speak at the recent Bitcoin conference was a missed opportunity for meaningful dialogue.
Urging the industry to demand clarity and commitment from political leaders before the upcoming election, Winklevoss said:
Demanding that Harris, or whoever calls the shots, take action before November is the most non-partisan position of all. As an industry, we should be completely aligned on this. We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box.
He continued: “This is table stakes, and this is how you make crypto bipartisan. No more guessing. No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last 4 years. We need to see tangible change and a proof of commitment to treating our industry fairly and dealing with it in good faith going forward.”
Concluding his message, Winklevoss said: “I’d like to get back to building full-time and I know all of you would too. In order to do this, we, as an industry, must demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is the best home in the world for crypto.” He stressed:
The Biden-Harris administration has 4 years of terror to unwind and only 101 days before November to do it. The ball is in their court.
During his speech at the Bitcoin conference on Saturday, Trump promised to fire SEC Chair Gary Gensler on day one of his administration. “On day one, I will fire Gary Gensler and appoint a new SEC Chair,” Trump announced. The crowd’s thunderous applause took him by surprise. “I didn’t know he was that unpopular,” he remarked, then repeated: “Let me say that again. On day one, I will fire Gary Gensler.” The crowd roared in response.
What do you think about Gemini co-founder Tyler Winklevoss’ criticism of the Biden-Harris administration and his call for non-partisan support for the crypto industry? Do you think the industry should know who the next SEC chair will be before the November presidential election? Let us know in the comments section below.
