Tyler Winklevoss, co-founder of Gemini, has criticized the Biden administration for its handling of the crypto industry, particularly after being disinvited from a crypto roundtable due to political endorsements. This article explores Winklevoss’s comments and the broader implications for the crypto industry.
Points
- Tyler Winklevoss criticizes the Biden administration’s crypto stance.
- Winklevoss and his brother were disinvited from a crypto roundtable after endorsing Donald Trump.
- Winklevoss calls for clarity on the next SEC chair before upcoming elections.
- Criticism of the current SEC’s tough stance on major crypto firms.
- The need for transparent and fair treatment of the crypto industry.
Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange, has publicly criticized the Biden administration for not engaging constructively with the crypto industry. His comments came after he and his brother, Cameron Winklevoss, were disinvited from a crypto roundtable in Washington, D.C., due to their political endorsements.
Disinvitation and Political Endorsements
In June, Tyler and Cameron Winklevoss were invited to a crypto roundtable in D.C. with the White House in attendance. However, two weeks later, they were disinvited after publicly endorsing former President Donald Trump. Tyler Winklevoss expressed his frustration on social media, highlighting the administration’s refusal to engage with them due to their political stance.
In June, @cameron and I were invited to a crypto round table in DC with the White House in attendance. Two weeks later, we were disinvited because we publicly endorsed @realDonaldTrump. The Biden-Harris Administration did not want us there and refused to attend the event if we…
https://twitter.com/tyler/status/1816976356753965471
Winklevoss has called for clarity on who the next SEC chair will be before the upcoming elections, arguing that transparency is essential for the fair treatment of the crypto industry. Under the current SEC Chair Gary Gensler, the SEC has taken
a tough stance against major crypto firms like Kraken, Binance, and Coinbase, drawing criticism from industry leaders such as Mark Cuban and Ripple CEO Brad Garlinghouse.
Criticism of SEC’s Approach
Winklevoss criticized the current SEC’s approach, stating that it has been detrimental to the growth and development of the crypto industry. He highlighted the need for a regulatory environment that fosters innovation and growth rather than stifling it with excessive regulations.
Winklevoss also noted that Vice President Kamala Harris missed an opportunity to improve relations with the crypto industry by not attending the Bitcoin Conference. He believes that engaging with the industry is crucial for its development and for creating a regulatory framework that supports its growth.
Broader Implications for the Crypto Industry
The criticism from Tyler Winklevoss underscores the broader challenges the crypto industry faces in dealing with regulatory bodies. The industry’s leaders are calling for more transparent and supportive regulatory frameworks that can help foster innovation while ensuring consumer protection.
Winklevoss hopes that as cryptocurrency becomes more mainstream, it will no longer be a political issue, and that politicians will engage with the industry in a constructive manner. He envisions a future where the crypto industry is treated fairly and its potential fully realized.
Conclusion
Tyler Winklevoss’s criticism of the Biden administration highlights the ongoing tensions between the crypto industry and regulatory bodies. His calls for clarity on the next SEC chair and for fair treatment of the industry reflect the broader concerns of crypto leaders. As the industry continues to grow, constructive engagement with regulatory bodies will be essential for fostering innovation and ensuring the industry’s long-term success.
解説
- Tyler Winklevoss criticized the Biden administration for not engaging constructively with the crypto industry and for disinviting him and his brother from a crypto roundtable due to their political endorsements.
- He called for clarity on the next SEC chair and criticized the current SEC’s tough stance against major crypto firms, arguing that it stifles innovation.
- Winklevoss highlighted the need for a regulatory environment that supports growth and development in the crypto industry.
- The broader implication is the need for transparent and supportive regulatory frameworks to foster innovation while ensuring consumer protection.
- As cryptocurrency becomes more mainstream, Winklevoss hopes for less politicization and more constructive engagement with the industry.