Tyler Winklevoss: New SEC Chair Must Be Appointed Before US Election

Gemini co-founder Tyler Winklevoss says the cryptocurrency industry can’t afford to see a repeat of the past four years. He believes the U.S. government needs to act quickly to let the crypto world know who will be leading the SEC before the upcoming election.

In a detailed X post on July 26, Tyler Winklevoss stated that it’s crucial for the cryptocurrency industry to know who the next SEC chair will be before the election. He also mentioned that he and his brother Cameron Winklevoss, both co-founders of Gemini, were recently uninvited from a White House event because they endorsed Donald Trump.

Winklevoss Criticizes Biden-Harris Administration’s Crypto Stance

Tyler Winklevoss argues that the recent uninvitation of him and his brother Cameron from a White House event due to their endorsement of Donald Trump highlights the Biden-Harris administration’s approach to the cryptocurrency industry. He believes this situation demonstrates the need for the administration to clarify its stance on crypto before the election.

Winklevoss insists that knowing who will lead the SEC is essential for the industry. He emphasizes that this clarity is crucial for making crypto a bipartisan issue and avoiding surprises. “No more guessing. No more hoping. No more surprises,” he states. He calls on the industry to unite in demanding action from Kamala Harris or other decision-makers before November.

Currently, Gary Gensler is the chair of the SEC, a position he has held since February 2021. Gensler has been a controversial figure in the crypto world due to his statements and decisions perceived as unfavorable to the industry. His term is set to end in June 2026.

Winklevoss Hopes for Mainstream Crypto Acceptance

Tyler Winklevoss expressed his hope that cryptocurrency will eventually become so mainstream that it no longer requires debate. He compared this future to the current state of email or the Internet, suggesting that discussions about the legality of crypto should be as outdated as debates on these technologies.

Winklevoss’s comments coincided with the second day of the Bitcoin2024 conference in Nashville. The event featured several political figures, including Independent presidential candidate Robert F. Kennedy Jr., who spoke positively about Bitcoin’s potential impact on the U.S. economy and promised executive orders to support it if elected. Senators Cynthia Lummis and Tim Scott also gave presentations at the conference. On July 27, former President Donald Trump is scheduled to headline the event.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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