Co-founder of Gemini, Tyler Winklevoss, believes that the government should proactively inform the cryptocurrency industry on who will assume the position of the Securities and Exchange Commission (SEC) chair in the approach to the US elections. He emphasized the importance of this information before votes are cast.
The declaration came after Tyler and his twin brother Cameron Winklevoss, also a Gemini co-founder, were excluded from a White House event due to their endorsement of Donald Trump. Tyler sees this situation as a reflection of President Biden’s administration views on cryptocurrency.
Tyler called on the administration to clarify their stance on cryptocurrency to make it non-partisan, and stated that the industry should not expect a repeat of the last four years. He also called for immediate action before November, stating that the entire industry should stand unequivocally on this issue.
The current SEC chairman, Gary Gensler, has drawn criticism from within the crypto community for several of his remarks and decisions perceived as anti-cryptocurrency since taking office in February 2021. His tenure is set to conclude in June 2026.
In a separate remark, Tyler extended his wish for politicians to refrain from participating in Bitcoin and cryptocurrency-related conferences. He believes that these discussions and debates should move beyond conference halls and become so commonplace that they no longer need any special platforms for dialogue.
His comments come in the backdrop of the Bitcoin 2024 conference in Nashville, Tennessee, where various politicians including independent presidential candidate Robert F. Kennedy Jr. praised the potential impact of Bitcoin on U.S. economy. Kennedy Jr. pledged to sign several executive orders promoting Bitcoin on his first day in office if elected.