Winklevoss Claims Gensler Is "Evil" and Says Apology Won't Fix Damage
Among those who have spoken out against Gensler and have demanded the resignation of the SEC head is Winklevoss. According to the co-founder of Gemini, Gensler has done tremendous, permanent harm to the cryptocurrency market.
He calls Gary Gensler "evil" and demands that Gensler never be given another opportunity to be influential. Winklevoss also states that any company employing Gensler is betraying the cryptocurrency business.
His next move is an impassioned plea for his followers to stop doing business with Gensler's prospective employers. A just few days before to his tweet, Winklevoss was sued for constitutional overreach by eighteen US states.
Is Gary Gensler Going to Bow Out?
Since 2021, Gary Gensler has been as head of the agency, and he has two more years left on his tenure. However, with Donald Trump's re-election, speculation regarding his resignation and replacement started to circulate. The industry is abuzz with speculation that Gensler would make his departure announcement either before Thanksgiving or before Trump's inauguration in January.
James Murphy of Ripple Lab has spoken out about his speculation on Gensler's potential departure. He elaborates by saying that the departure of a chairperson in advance of the takeover by a new president has happened on occasion. The 2020 resignation of Jay Clayton and the 2016 departure of Mary Jo White were used by Murphy to back up his claims.
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