Tyler Winklevoss, the co-founder of Gemini crypto exchange, has urged 50M US crypto-owners to pressure Kamala Harris to disperse the US SEC chair before the forthcoming elections. He has asked for pressure on the government from the crypto-owners to dismiss Gary Gensler of the US SEC before the onset of elections in the US.
Winklevoss believes Gensler’s firing will end the ongoing “war on crypto.” He also said this will give the crypto issue a more balanced and bipartisan approach.
Why Tyler Winklevoss Wants Gary Gensler To Be Fired?
On Friday, Winklevoss took to X and posted that 50 Million US citizens own cryptocurrencies. He highlighted that this is a considerable number, which also means a lot of power. Highlighting it as a part of the “game theory,” he said firing Gensler should be a top priority for voters before moving forward.
He believes the war against cryptocurrency will end, and crypto issues will become bipartisan overnight. This can be made possible only if all 50 million crypto-owners told Harris she wouldn’t receive their support until she fired Gensler and terminated the conflict before November 5, 2024.
Winklevoss has called for unity among the American crypto-owners to make their voices heard before Harris.
Background
Previously, the Gemini co-founder stressed that knowing who the next SEC chairperson will be is crucial. He wants the community of crypto-investors to stress getting transparency from both sides of the political arena, the Democrats and the Republicans.
Winklevoss wants fair treatment for the crypto community in the US to make situations more favorable for crypto investors.
On the other hand, Cameron Winklevoss, the creator’s brother, has criticized Harris’ fake attempts to improve relations with the crypto industry and has requested actual actions only.
He emphasized and made a clarion call to the effect that the industry will not be deceived and encouraged Harris to demonstrate the seriousness of the industry action plan before November this year.
Observing Previous Trends
People had eyed the mark of cryptocurrency exchange FTX in the 2020 elections to its founding figure, Sam, who reportedly contributed millions to the American political process. Coming among the leading financial patrons, especially to the Democratic party, he allegedly contributed about $5. 2 million to advance the presidential bid of Joe Biden.
FTX’s founder’s contributions arose from his passion for shaping relevant policy fields, such as the ones involving pandemic responses and regulating cryptocurrencies. This contribution was considered the continuation of his attempts to lobby Washington for a more favorable regulatory framework for the crypto business.
Besides the 2020 election, Sam, for example, kept on donating to politics, and an increasing trend indicates the growing power of the affluent, especially players in the new economy, such as the digital or crypto economy. His participation pointed out the correlation between virtual property and power in the U.S.
