Tyler Winklevoss Calls for Industry Strategy Amid SEC Policies

Gemini co - founder Tyler Winklevoss recently expressed his concerns about the U.S. Securities and Exchange Commission 's policies , emphasizing the need for the crypto industry to demand transparency regarding the next chairperson before the upcoming elections . Winklevoss stated that the industry should not tolerate a repeat of the last four years and called for tangible changes to be made to ensure fair treatment going forward.

Winklevoss highlighted that the SEC , under Chair Gary Gensler 's leadership , has been aggressive in its enforcement actions against crypto companies , creating a hostile environment for the industry in the United States . He also mentioned that he and his brother Cameron were disinvited from a crypto roundtable in Washington D.C. after publicly endorsing former President Donald Trump and contributing over million in Bitcoin to his campaign.

In response to the SEC 's actions , Winklevoss urged the Biden - Harris administration to appoint a new SEC Chair before the elections , emphasizing the importance of regulatory stability and oversight in the rapidly evolving crypto landscape . He called on the industry to demand bipartisan support and fair treatment from both parties to make America the best home for crypto.

On the other hand , Gary Gensler , the current SEC Chair , has faced criticism for his regulatory approach to cryptocurrencies , considering most digital assets as securities subject to strict regulations . This stance has led to legal battles with major crypto firms like Coinbase and Ripple , with critics arguing that his enforcement - based regulation hinders innovation and creates uncertainty in the industry.

As Gensler 's term progresses , the SEC 's regulatory actions and legal challenges are expected to continue shaping the future of the crypto industry . Winklevoss and other industry players are advocating for clearer regulations and a more supportive environment for crypto to thrive without facing unnecessary obstacles . It remains to be seen how the SEC 's policies will evolve under Gensler 's leadership and how the industry will respond to ensure its growth and innovation moving forward.