Gemini co-founder Tyler Winklevoss calls for the appointment of a new SEC chair before the upcoming U.S. election, criticizing the current administration’s stance on crypto.
Points
- Winklevoss’s call for a new SEC chair
- Criticism of the Biden-Harris administration
- Importance of mainstream crypto acceptance
Gemini co-founder Tyler Winklevoss has called for the appointment of a new SEC chair before the upcoming U.S. election, emphasizing the need for stability and clarity in the cryptocurrency industry. In a detailed post on X on July 26, Winklevoss criticized the Biden-Harris administration’s approach to crypto, highlighting the recent incident where he and his brother Cameron were uninvited from a White House event after endorsing Donald Trump.
Winklevoss argues that knowing who will lead the SEC is essential for the industry’s stability and growth. He insists that this clarity is crucial for making crypto a bipartisan issue and avoiding surprises. “No more guessing. No more hoping. No more surprises,” he states. He calls on the industry to unite in demanding action from Kamala Harris or other decision-makers before November.
Currently, Gary Gensler serves as the SEC chair, a position he has held since February 2021. Gensler has been a controversial figure in the crypto world due to his statements and decisions perceived as unfavorable to the industry. His term is set to end in June 2026.
Winklevoss expressed his hope that cryptocurrency will eventually become so mainstream that it no longer requires debate. He compared this future to the current state of email or the Internet, suggesting that discussions about the legality of crypto should be as outdated as debates on these technologies.
Winklevoss’s comments coincided with the second day of the Bitcoin2024 conference in Nashville. The event featured several political figures, including Independent presidential candidate Robert F. Kennedy Jr., who spoke positively about Bitcoin’s potential impact on the U.S. economy and promised executive orders to support it if elected. Senators Cynthia Lummis and Tim Scott also gave presentations at the conference. On July 27, former President Donald Trump is scheduled to headline the event.
解説
- Leadership clarity: Knowing who will lead the SEC before the election is crucial for the cryptocurrency industry’s stability and growth.
- Bipartisan issue: Winklevoss emphasizes the need for crypto to become a bipartisan issue, avoiding surprises and ensuring consistent policy.
- Mainstream acceptance: The ultimate goal is for cryptocurrency to become as accepted and uncontroversial as email or the Internet.