The Winklevoss twins were disinvited from a White House crypto roundtable due to their public endorsement of Donald Trump, reflecting the Biden-Harris administration’s stance on crypto.
Points
- Tyler Winklevoss criticizes the Biden-Harris administration for its approach to the crypto industry.
- The twins’ invitation to a crypto roundtable was revoked following their endorsement of Donald Trump.
- Tyler Winklevoss calls for clarity on the next chair of the U.S. SEC before the elections.
Crypto investor Tyler Winklevoss has publicly criticized the Biden-Harris administration for its unwillingness to engage with the crypto industry. He referenced how the White House canceled the Winklevoss brothers’ invitation to a crypto roundtable for endorsing Donald Trump. Tyler also demanded that the government name the next chair of the U.S. SEC before polling day.
White House Revokes Roundtable Invitation
Tyler explained that the Winklevoss twins were invited to a crypto roundtable with the White House in Washington, D.C. Two weeks later, their invitation was revoked due to their public endorsement of presidential aspirant and former president Donald Trump.
https://x.com/tyler/status/1816976356753965471
Administration’s Stance on Crypto
Tyler criticized the Biden-Harris administration, urging them to name the next chairperson of the U.S. Securities and Exchange Commission （SEC） before November’s polling day. According to him, “We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box. This is table stakes, and this is how you make crypto bipartisan.”
Gary Gensler Faces Backlash
Current SEC chair Gary Gensler has been a contentious figure in the crypto community since assuming office in February 2021. His term, which ends in June 2026, has been marked by decisions perceived as anti-crypto. Tyler Winklevoss’s call for pre-election clarity on SEC leadership is framed as a non-partisan issue intended to unite the sector in its quest for stability and predictability.
Actionable Insights
- Monitor political endorsements of cryptocurrency for future regulatory trends.
- Prepare for potential changes in SEC policies post-election.
- Aim for bipartisan support to ensure long-term industry stability.
Conclusion
The disinvitation of the Winklevoss twins from the White House crypto roundtable underscores the current administration’s stance on crypto and highlights the need for clarity and transparency in SEC leadership. This incident calls for bipartisan support and informed decisions to ensure stability in the cryptocurrency sector.