Tyler Winklevoss Denounces SEC Chair Gary Gensler

Gemini co-founder Tyler Winklevoss has denounced Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), labeling him as “evil.”

Let’s all be clear on one thing. @GaryGensler is evil. He should never again have a position of influence, power, or consequence. Any company, university, or organization that hires or works with him post-SEC is betraying the crypto industry and should be boycotted aggressively.…

— Tyler Winklevoss (@tyler) November 16, 2024

“Let’s be clear on one thing. Gary Gensler is evil. He should never again have a position of influence or power. Any company, university, or organization that hires him or works with him post-SEC is betraying the crypto industry and should be aggressively boycotted,” he wrote.

Winklevoss believes this is the only way to prevent such “abuse of power” in the future.

“Gensler’s behavior cannot be explained as good faith mistakes. It was entirely deliberate, intentional, and aimed at executing his personal political agenda at any cost. Even if it means destroying the industry, tens of thousands of jobs, people’s livelihoods, billions in investments. Ironically, his sociopathic ambitions ultimately set fire to his political party,” added the Gemini co-founder.

Winklevoss emphasized that no apology can undo or correct the “damage” done to the industry and the country.

“There is no place for such people in any institution, large or small. Americans are already tired of tax dollars going to a government that should protect them but is instead used by politicians seeking to advance their careers. It’s time to stop this pathology once and for all,” he stated.

In June, Tyler and Cameron Winklevoss supported Donald Trump and donated $2 million in bitcoin to him. They also criticized Joe Biden.

In August, the Gemini co-founder urged 50 million American cryptocurrency investors to pressure presidential candidate Kamala Harris to dismiss Gensler before the presidential elections.

Earlier, Trump promised to do so on his first day in office. Following the Republican’s victory, ARK Invest CEO Cathie Wood supported the weakening of the SEC and other regulators.

In November, attorneys general from 18 U.S. states filed a lawsuit against the Commission and its five commissioners, accusing them of unconstitutional overreach and unfair persecution of the crypto industry.