Key Points
- Gemini co-founder Cameron Winklevoss calls for decisive action from Vice President Kamala Harris, requesting the removal of SEC Chair Gary Gensler.
- Other industry figures echo this sentiment, suggesting that the crypto sector will not be swayed by empty promises.
Cameron Winklevoss, co-founder of the Gemini exchange, has issued a warning to the crypto industry. He claims that US Vice President Kamala Harris and her advisor are attempting to reset the crypto sector with empty promises.
Call for Concrete Action
In a social media post, Winklevoss urged Harris to take swift and decisive action to address the damage inflicted on the crypto sector in recent years. He suggested that Harris could demonstrate her commitment to the industry by dismissing SEC Chair Gary Gensler before November 2024.
Winklevoss referenced a statement made by former President Donald Trump at a Bitcoin Conference. He suggested that the crypto industry is highly intelligent and will not be deceived by mere words. He further stated that Harris’ ‘bluffs’ would not fool them and that they would only consider real actions.
Other Voices in the Industry
Tyler Winklevoss, Cameron’s twin brother, echoed these sentiments. He argued that words without action are meaningless and urged Harris to demonstrate her commitment by dismissing Gensler, halting all SEC crackdowns on good actors, and ending Operation Choke Point 2.0. He noted that without these actions, Harris would not win any votes from the crypto sector.
Caitlin Long, founder of Custodia Bank, agreed with the Winklevoss twins. She suggested that Harris should also dismiss the instigators behind “Operation Choke 2.0”, stating that Gensler is just one part of the problem and that those behind the regulation also need to go.
Predictions for Bitcoin
Trump’s vocal support for Bitcoin has led to predictions that the cryptocurrency could reach $100,000 by the end of the year if he were to win the election. However, a crypto analyst named Jonah suggested that Bitcoin could crash to $50,000 if Harris were to win the upcoming election.
At a Bitcoin event, former President Trump revealed his plan to make the United States the crypto capital of the world and to establish Bitcoin as the world’s superpower. On behalf of Bitcoin enthusiasts, he also received a 1 BTC donation from Bitcoin Magazine’s CEO David Bailey.
