Winklevoss Criticizes Biden Administration’s Crypto Stance

Tyler Winklevoss, co-founder of Gemini, criticized the Biden administration for not engaging constructively with the cryptocurrency industry.

On social media, Winklevoss pointed out that he and his brother Cameron were excluded from a recent crypto roundtable because they support Donald Trump, labeling the move as petty and indicative of the administration’s reluctance to understand the crypto sector’s concerns.

Winklevoss called for clarity on who the next SEC chair will be before the upcoming elections, arguing that transparency is essential for fair treatment of the crypto industry. He also criticized Vice President Kamala Harris for not attending the Bitcoin Conference, viewing it as a missed chance to improve relations with the industry.

Under current SEC Chair Gary Gensler, the SEC has taken a tough stance against major crypto firms like Kraken, Binance, and Coinbase, drawing criticism from figures such as Mark Cuban and Ripple CEO Brad Garlinghouse.

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Winklevoss hopes that cryptocurrency will eventually become so mainstream that it will no longer be a political issue, making appearances by politicians at crypto events unnecessary.

Alexander Stefanov