Winklevoss Urges 50 Million US Crypto Investors to Support SEC Chair’s Ouster

Fifty million American cryptocurrency investors could pressure presidential candidate Kamala Harris to dismiss SEC Chair Gary Gensler before the November 5 election, according to Gemini co-founder Tyler Winklevoss.

50 million people in America own crypto. If all 50 million made it clear to Harris that she wouldn’t get their vote unless she fired @GaryGensler and ended the war on crypto before November 5th, the war would end and crypto would become bipartisan overnight. That’s the game…

— Tyler Winklevoss (@tyler) August 16, 2024

“50 million people in America own cryptocurrency. If all 50 million made it clear to Harris that she wouldn’t get their vote unless she fired Gary Gensler and ended the war on cryptocurrencies before November 5, the ‘war’ would end. […] That’s the game theory,” he explained.

In January 2023, the Commission accused Gemini and Genesis Global Capital of selling unregistered securities. At the time, Tyler Winklevoss described the regulator’s claims as “super unconvincing” and a “manufactured parking ticket.”

In July 2024, Tyler’s brother, Cameron, warned against superficial attempts by Harris to mend relations with the industry. The Gemini co-founder emphasized that its participants would not be deceived by empty promises and urged the Democratic presidential candidate to demonstrate “decisive actions” by November.

Beware of the Big Bluff. Harris and her advisors are in the process of working on a “reset” with the crypto industry. Being respectful of the Vice President’s time, let’s be crystal clear here:@KamalaHarris, please don’t bother unless you are prepared to take swift, bold, and…

— Cameron Winklevoss (@cameron) July 29, 2024

“Beware of the Big Bluff. Harris and her advisors are in the process of working on a ‘reset’ with the crypto industry. […] You can’t burn bridges for four years and hope to rebuild them with words alone. […] We won’t be swayed by words. We will only consider what you do,” he emphasized.

Throughout the year, many experts, including billionaire investor Mark Cuban and Ripple CEO Brad Garlinghouse, argued that Gensler’s policies could lead to the defeat of the Democratic candidate in the upcoming election. 

Earlier, the Gemini co-founder announced his support for Republican presidential candidate Donald Trump and donated $1 million in Bitcoin (15.47 BTC at the time of the transaction). Part of the funds was later returned.

Previously, journalists questioned Harris’s favorable stance towards cryptocurrencies due to her absence from a specially organized Crypto for Harris event.