50M US crypto owners urged to push Harris to fire SEC Chair before election

Tyler Winklevoss, co-founder of the crypto exchange Gemini, is rallying the 50 million American cryptocurrency owners to push Vice President Kamala Harris to fire SEC Chair Gary Gensler.

Winklevoss believes that if crypto owners unite and make it clear they won't support Harris unless Gensler is dismissed, it could end what he describes as the "war on crypto."

He argues that this collective action could force the crypto issue to become bipartisan ahead of the November 5th presidential election.

Winklevoss emphasised the power of the crypto community, stating that if all 50 million crypto holders took this stance, it could lead to significant political change.

He noted that after addressing the crypto issue, voters could then focus on other important topics in the election.

The Gemini co-founder has also called for transparency from political parties regarding their stance on crypto regulation, stressing the importance of knowing who will lead the SEC next.

Meanwhile, Cameron Winklevoss, Tyler’s brother and co-founder of Gemini, has cautioned against superficial efforts by Harris to improve relations with the crypto industry.

Cameron Winklevoss emphasised that the industry expects concrete actions rather than empty promises and challenged Harris to show decisive action before November.

The Winklevoss brothers are positioning this effort as a critical moment for the future of cryptocurrency regulation in the United States.

They believe that the removal of Gary Gensler could mark a turning point in how the government approaches the crypto industry, potentially leading to a more favorable regulatory environment.

The call to action highlights the growing political influence of the cryptocurrency community and its potential impact on upcoming elections.

As the presidential election approaches, the stance on crypto regulation could become a key issue for many voters, particularly those involved in the digital asset space.

The outcome of this effort could shape the direction of U.S. crypto policy for years to come, depending on whether the pressure from the crypto community leads to any changes at the SEC.