Gemini cryptocurrency exchange co-founder Tyler Winklevoss has accused U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler of causing irreversible harm to the crypto industry. His remarks reflect growing dissatisfaction with SEC actions.
Winklevoss's Accusations Against Gensler
On November 15, Tyler Winklevoss stated that Gary Gensler poses a threat to the crypto industry. He emphasized that Gensler should no longer hold any significant positions.
Outrage at SEC's Actions
Winklevoss claims that Gensler's actions are not coincidental but are thoroughly planned and aimed at fulfilling his personal political agenda. During Gensler's tenure, major firms like Binance, Coinbase, and Ripple faced tight scrutiny. Winklevoss accused him of a regulation-by-enforcement approach.
Growing Criticism of Gensler
Criticism of Gensler is mounting. MicroStrategy founder Michael Saylor noted that whoever succeeds Gensler will play a pivotal role in shaping the future of the crypto industry. Reuters reports that Robinhood's legal chief Dan Gallagher is a candidate to replace Gensler.
The situation surrounding Gary Gensler continues to spark controversy and dissatisfaction within the crypto community. His actions are increasingly criticized by industry representatives and government entities.
