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The Democratic party and Vice President Kamala Harris have recently made overtures to the digital asset market, but Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, is not persuaded. The party had been hostile to the cryptocurrency industry, but over the weekend, rumors circulated that Harris’s team had made contact with significant corporations in the space.
Winklevoss expressed his doubts on the social media platform X, emphasizing the Biden administration’s persistent regulatory crackdowns over the past four years. “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,” he wrote.
He suggested that a significant gesture, such as the removal of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, would be necessary to demonstrate genuine intent. “We will not fall for any bluffs. And we will not be swayed by what you say. We will only consider what you do. You and your party retired Joe Biden, a sitting President, which means you can definitely retire Gary Gensler before November. Show us what can be.”
Tyler Winklevoss, Cameron’s twin and fellow Gemini co-founder, echoed similar sentiments recently. He stressed the urgency for Democrats to reverse the stringent measures imposed on the crypto sector. “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.”
Both Winklevoss twins have consistently voiced their frustration over the regulatory environment, urging for a more supportive and fair approach towards the burgeoning digital asset industry. They argue that the U.S. must create a favorable environment for crypto to maintain its leadership in the global financial landscape.