Highlights:
- Tyler Winklevoss recently called out Gary Gensler in a lengthy post on X.
- In his tweet, the Gemini co-founder stated that the SEC Chairman’s actions are deliberate efforts to wreck the crypto industry.
- Following Trump’s victory, chances abound that Gensler will likely resign before Trump’s office assumption.
The United States Securities and Exchange Commission (SEC) chairman, Gary Gensler, is under fire for his roles in the Joe Biden and Kamala Harris-led administration. In a tweet making rounds, one of the Winklevoss twins and Gemini co-founder Tyler called out the SEC chairman.
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In his lengthy tweet, the co-founder castigated Gensler, asserting that he has wreaked irredeemable havoc on the US crypto industry. He also accused the SEC chairman of misusing government power, adding that all hands must be on deck to ensure he never attains any government position again.
It is no longer news that the outgoing United States administration is renowned for waging war against the crypto industry. As the SEC chairman, Gensler has always remained at the forefront of the disagreements between crypto firms and the government. Hence, it is appropriate Tyler called out the SEC chairman for aiding the incumbent government’s fight against crypto expansion in the American nation.
🚨 BIG BREAKING: 🚨
GARY GENSLER TO RESIGN FROM
THE U.S. SEC 🇺🇸 VERY SOON.BULLISH FOR CRYPTO 🔥 pic.twitter.com/k0JvtdWnGZ
— Ash Crypto (@Ashcryptoreal) November 14, 2024
Part of Tyler’s post read thus:
“Let’s all be clear on one thing. Gary Gensler 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.”
Gensler’s Actions Backfired with Harris’s Loss at the Polls
Still bashing the SEC chairman, Tyler noted that the repercussions of his actions started playing out during the campaigns that preceded the elections. The crypto community became actively involved in politics and only wanted a government that envisaged cryptocurrency as a significant part of the nation’s economy.
The crypto community’s desire eventually culminated in Donald Trump’s victory in last week’s presidential elections. Meanwhile, the Gemini co-founder described Gensler’s actions as deliberate. He added that the SEC chairman was only interested in fulfilling his political desires.
Tyler tweeted:
“It was entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost. Even if this meant nuking an industry, tens of thousands of jobs, people’s livelihoods, billions of invested capital, and more, ironically, his sociopathic ambition ended up torching his political party.”
In conclusion, the Gemini co-founder noted that no amount of apology can reverse the damages Gensler and the outgoings administration have wrecked on the crypto industry. He reiterated his initial stance, which entails ensuring that the SEC chairman never gets to assume any authoritative position again.
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
Gensler will Likely Resign Before Trump’s Office Assumption
In another tweet, renowned Fox Business reporter Eleanor Terrett disclosed that the SEC chairperson might voluntarily step down. In her tweet, she noted that Gensler will not want to conclude his term, which would extend into Trump’s tenure.
When to anticipate the SEC chairman’s resignation letter, the journalist noted that it remains largely unknown. However, close and reputable sources speculated that he would relay his resignation intention after Thanksgiving. She added that Gensler may relinquish his office in the first few days in January, especially before Trump’s inauguration.
🚨While @realDonaldTrump’s pick for @SECGov chair remains unknown, it looks increasingly likely that @GaryGensler will step down voluntarily and choose not to finish his term as commissioner (which would expire in 2026) as some had speculated he may have done, @FoxBusiness has…
— Eleanor Terrett (@EleanorTerrett) November 15, 2024
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