Gemini Co-Founder Calls for SEC Chair Gensler's Ouster; Demands Bipartisan Support for Crypto
CryptoNewsTerminal Staff18 Aug, 2024
Gemini Co-Founder Calls for SEC Chair Gensler's Ouster; Demands Bipartisan Support for Crypto
Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has demanded the resignation of SEC Chair Gary Gensler. In a recent tweet, Winklevoss called on Vice President Kamala Harris to fire Gensler before the November 5 election. Winklevoss argues that Gensler has waged a "war on crypto" and that his removal would signal a bipartisan approach to the industry. He asserts that the support of 50 million American crypto holders, who are also voters, could force Harris's hand. It remains to be seen whether Harris will take action on Winklevoss's demand. However, the call for Gensler's resignation highlights the growing frustration within the crypto community over the SEC's regulatory stance.
