Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, issued a scathing statement against SEC Chairman Gary Gensler, who is reportedly preparing to resign following Donald Trump's potential presidential election victory.
Criticism of Gary Gensler
Winklevoss, currently in a legal battle with the SEC, called Gensler "malicious" and urged organizations to boycott him if he holds any positions in academia, corporate settings, or elsewhere.
Impact on Crypto Industry
He alleged that Gensler's tenure at the SEC caused significant harm, including the destruction of tens of thousands of jobs, damage to people's livelihoods, and the loss of billions in investment capital.
SEC and Crypto Industry Relations
Winklevoss's comments come amid escalating tensions between the SEC and the cryptocurrency industry. Gensler has faced criticism for aggressive enforcement actions against crypto firms, while others argue his approach is necessary for clarity in the rapidly evolving industry.
Winklevoss's remarks further underscore the strained relations between US regulatory bodies and the cryptocurrency sector, provoked by Gensler's actions as the head of the SEC.
