Kamala Harris and Advisors’ ‘Big Bluff’ Exposed by Gemini Co-Founder

Highlights:

• Winklevoss has tagged Kamala Harris and her advisors’ crypto industry reset as a big bluff.
• The Gemini co-founder called for Gensler’s sack before November.
• Trump vows to fire the SEC chairman and appoint someone with abilities to drive crypto expansion in the U.S.

In a recent tweet, Cameron Winklevoss, a co-founder at Gemini, called out one of the U.S. presidential aspirants’ big bluff. For context, the co-founder called out Kamala Harris and her advisors’ perceived crypto industry reset, tagging it a mere illusion.

With each day, the United States presidential elections edge closer. Likewise, the debates about a pro-crypto administration and a crypto-skeptical administration have also surged. Before Biden’s retirement, Donald Trump’s crypto-friendly administration campaign was gaining momentum. However, Harris’ recent endorsement to run for the presidential position has further tensed the U.S. political atmosphere. Going by her campaigns and speeches, she seemed interested in crypto and other related assets.

Despite showing visible signs of heading a crypto-accommodating government, some crypto top chiefs have demanded more from Harris. Winklevoss has asserted that the present United States Vice President must back her speeches with actions.

Big Bluff Exposed

In a post that has attracted considerable attention, Winklevoss has tasked Harris to begin her crypto industry reset campaign with concrete actions. The co-founder asserted that mere words, which he tagged “Big bluff,” will not repair four years of damages. Meanwhile, the four years of damages referred to the unfavorable crypto regulatory stance meted out during Biden’s administration.

Part of Winklevoss’s tweet read thus, “Kamala Harris, please don’t bother unless you are prepared to take swift, bold, and concrete action. You can’t burn bridges for four years and expect to rebuild them with words alone.”

Winklevoss’ Post Referenced Trump’s Bitcoin Conference Speech

Referencing Trump’s speech at the Bitcoin conference, Winklevoss noted that the crypto space is a high IQ (Intelligence Quotient) industry. Hence, the crypto community knows when a candidate is interested in advancing crypto projects. Consequently, they are less likely to succumb to mere talks.

One Thing Harris Must Do to Correct the Big Bluff

Suggesting concrete actions to support Harris’ campaign promises, Winklevoss suggested sacking the United States Securities and Exchange Commission (SEC) chairman before November. Notably, Gensler became the U.S. SEC chairman in April 2021, barely a few months after Biden assumed the U.S. leadership position.

Since 2021, Gensler and the crypto community have been at loggerheads because of strict crypto regulatory guidelines. SEC’s unyielding stance has been apparent in the protracted lawsuit between the regulatory body and Ripple. Interestingly, leading exchanges, including Binance and Coinbase, are also on SEC’s radar, underscoring the regulatory body’s uncompromising resolute.

Meanwhile, Winklevoss explained why sacking Gensler should not be a big deal for Harris. “You and your party retired Joe Biden, a sitting President, which means you can retire Gary Gensler before November. Show us what can be,” the Gemini co-founder asserted.

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

Trump Pledges to Fire Gensler “On Day One” If Re-elected

While Harris still possesses the power to sack Gensler, Trump has vowed to retire the SEC chairman if re-elected. Interestingly, Trump promised to fire Gensler on day one, underscoring his aversion towards the SEC chairman’s policies. For context, the former U.S. president revealed his intention to sack the chairman on July 27 at the Bitcoin 2024 conference.

According to Trump, the SEC seems hell-bent on targeting and victimizing digital assets. He emphasized Bitcoin’s (BTC) financial freedom from certain levels of government jurisdictions. Trump added that he would appoint a new SEC head with the potential to push crypto expansion in the U.S.

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