Gemini co-founder Tyler Winklevoss has called for the U.S. government to decide quickly on the leadership of the Securities and Exchange Commission (SEC). That is, before the upcoming elections. He made the bold remarks some moments ago via a lengthy X post where he also hinted about a growing urgency within the crypto industry for stable and predictable regulatory leadership. Part of the post reads:
“We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box.”
Tyler Winklevoss Urges Industry to Push for Clear Regulatory Leadership
In the post, Winklevoss expressed his concerns about the relatively hostile approach that the current administration is dealing with cryptocurrencies. More so, under the leadership of Gary Gensler, whose tenure as SEC Chair is set to elapse by June 2026.
To the majority of the crypto community, Gensler’s regulatory decisions and public statements have been largely detrimental to the industry. So, now, it has become extremely important for the entire crypto industry to unite and make their demands known to the government.
“Our industry should not tolerate any possibility of a repeat of the last four years,” he noted.
Winklevoss is calling on all the appropriate authorities to see to it that a transparent process is employed that would allow the crypto industry to align itself with a clear regulatory framework well before the November elections.
Biden Administration Does not Bode Well for Crypto Sector
Meanwhile, it might be worth noting that Winklevoss’s plea for clarity comes against the backdrop of his recent exclusion from a White House event. According to the prominent crypto figure, excluding him was a power play that might have been aimed at taking a swipe at him for his recent endorsement of former President Donald Trump. The incident, Winklevoss argues, points to the extent of disconnect between the Biden administration and the crypto sector. This is more reason why he insists that resolving the uncertainty over the SEC chair’s position would be critical to ensuring a bipartisan approach to crypto regulation.
Looking ahead, Winklevoss has also urged politicians to stay away from crypto events. He sees a future where crypto would be so embedded into the financial system that its legitimacy will no longer be up for discussions.
