Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, has issued a scathing statement regarding SEC Chairman Gary Gensler, who is reportedly preparing to resign following Donald Trump’s potential presidential election victory.
Winklevoss, who is currently in a legal battle with the SEC, has called Gensler “malicious” and called on organizations to boycott him if he holds positions in academia, corporate settings or elsewhere.
It alleged that Gensler’s tenure at the SEC caused significant harm, including the destruction of “tens of thousands of jobs,” damage to people’s livelihoods and the loss of billions in investment capital.
“Gary Gensler is an evildoer. He should never hold a position of influence, power or consequence again,” Winklevoss said. “Any company, university or organization that hires or works with him post-SEC is a traitor to the crypto industry and should be aggressively boycotted,” he added.
Winklevoss argued that Gensler’s actions were not just missteps, but part of a calculated effort to advance his career, even at the expense of the cryptocurrency industry and its participants. He also claimed that Gensler’s regulatory decisions backfired and ultimately harmed his own political party.
“No amount of apology can undo the damage he has done to our industry and our country,” Winklevoss said. “Americans are tired of their tax dollars going to a government that is supposed to protect them but is instead used against them by politicians looking to advance their careers.”
Winklevoss’ comments come amid escalating tensions between the SEC and the cryptocurrency industry. Gensler has faced criticism for what some see as aggressive enforcement actions against crypto firms, while others argue his approach is necessary to bring clarity to the rapidly evolving industry.
*This is not investment advice.