Gemini co-founder Tyler Winklevoss has urged the U.S. government to clarify the leadership of the securities watchdog before the upcoming election.
In a post on X (formerly Twitter) on July 26, Winklevoss expressed that voters should know who the next chair of the Securities and Exchange Commission (SEC) will be.
He revealed that he and his brother Cameron Winklevoss, also a co-founder of Gemini, were recently disinvited from a White House event after endorsing Donald Trump.
Winklevoss criticized the Biden administration’s approach to the cryptocurrency sector, claiming it missed an opportunity to rebuild the relationship with the industry.
He emphasized the need for clarity and predictability in the regulatory environment, stating, “No more guessing.
“No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last 4 years.”
He argued that demanding action from the administration before November is a non-partisan stance that the entire crypto industry should support.
Gary Gensler, the current SEC chair since February 2021, has been a contentious figure in the crypto world due to his perceived anti-crypto positions.
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His term is set to end in June 2026.
In addition, Winklevoss expressed his wish that politicians would refrain from attending Bitcoin and crypto conferences.
He argued that the mainstream adoption of crypto should reach a point where its legality or acceptance is no longer debated, likening it to discussions about the legality of email or the Internet.
This statement was made during the Bitcoin 2024 conference in Nashville, Tennessee, which saw political figures like independent presidential candidate Robert F. Kennedy Jr., and Senators Cynthia Lummis and Tim Scott, in attendance.
Kennedy spoke about Bitcoin’s potential to enhance the U.S. economy and pledged to issue executive orders to support cryptocurrency on his first day in office.
Former President Donald Trump was scheduled to headline the event on July 27.
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