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The co-founder of the cryptocurrency exchange Gemini, Tyler Winklevoss, has sent a strong warning to the Biden-Harris administration. He asserts that there are not many months left to undo the harm done to the digital assets sector. Before November’s election, Winklevoss said in a recent post on the social media platform X that Kamala Harris, the Democratic nominee for president, had to act decisively to undo the “four years of terror” against the cryptocurrency industry.
When Democrats, including Harris, turned down invitations to speak at the most recent Bitcoin (BTC) conference, Winklevoss drew attention to the wasted opportunity. He thinks this was an opportunity to mend fences with the cryptocurrency community. Among the pressing adjustments he calls for is an examination of Harris’s choice to lead the U.S. Securities and Exchange Commission (SEC).
He stressed, “No more guessing. No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last four years. We need to see tangible change and a proof of commitment to treating our industry fairly and dealing with it in good faith going forward.”
Winklevoss envisions a future where politicians no longer need to attend crypto conferences because digital assets will be universally accepted and integrated into the financial system. He expressed a desire to return to focusing on building and innovating within the crypto space, a sentiment he believes is shared by many in the industry.
“I’d like to get back to building full-time and I know all of you would too. In order to do this, we, as an industry, must demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is the best home in the world for crypto,” he said.
Winklevoss emphasized that the Biden-Harris Administration has only 101 days left to address these concerns and make amends before the November election. “The ball is in their court,” he concluded, urging immediate action to secure a supportive environment for the crypto industry in the United States.