SEC Chair Gary Gensler Could Be in More Trouble: Prominent Founder Calls for “Boycott Wherever He Goes” After Resignation
Gary Gensler, the SEC's anti-cryptocurrency chairman, may face challenges in his future career.
Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, has issued a scathing statement regarding SEC Chairman Gary Gensler, who is reportedly preparing to resign following Donald Trump’s potential presidential election victory.
Winklevoss, who is currently in a legal battle with the SEC, has called Gensler “malicious” and called on organizations to boycott him if he holds positions in academia, corporate settings or elsewhere.
It alleged that Gensler’s tenure at the SEC caused significant harm, including the destruction of “tens of thousands of jobs,” damage to people’s livelihoods and the loss of billions in investment capital.
“Gary Gensler is an evildoer. He should never hold a position of influence, power or consequence again,” Winklevoss said. “Any company, university or organization that hires or works with him post-SEC is a traitor to the crypto industry and should be aggressively boycotted,” he added.
Winklevoss argued that Gensler’s actions were not just missteps, but part of a calculated effort to advance his career, even at the expense of the cryptocurrency industry and its participants. He also claimed that Gensler’s regulatory decisions backfired and ultimately harmed his own political party.
“No amount of apology can undo the damage he has done to our industry and our country,” Winklevoss said. “Americans are tired of their tax dollars going to a government that is supposed to protect them but is instead used against them by politicians looking to advance their careers.”
Winklevoss’ comments come amid escalating tensions between the SEC and the cryptocurrency industry. Gensler has faced criticism for what some see as aggressive enforcement actions against crypto firms, while others argue his approach is necessary to bring clarity to the rapidly evolving industry.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Congress’s top priorities this lame duck session
Here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
BTC breaks through $94,000
The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH