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Gemini co-founder Tyler Winklevoss has called on the U.S. government to announce the next chair of the Securities and Exchange Commission (SEC) before the upcoming elections. In a detailed post on social media platform X, Winklevoss emphasized the importance of clarity regarding SEC leadership for the cryptocurrency industry. He and his brother Cameron, also a Gemini co-founder, were recently not invited to a White House event after supporting Donald Trump, which Winklevoss sees as indicative of the Biden-Harris administration’s stance on cryptocurrency.
Administration’s Stance and Cryptocurrency Relationship
Winklevoss argues that the administration had the opportunity to reset its relationship with the cryptocurrency sector but failed to do so. He insists the industry needs certainty and transparency regarding the future leadership of the SEC to avoid the challenges and uncertainties of the past four years. Knowing who will lead the SEC is crucial to making cryptocurrency a bipartisan issue, eliminating the need for speculation and surprises.
Current SEC chair Gary Gensler has been a controversial figure in the crypto community since taking office in February 2021. Throughout his term, which ends in June 2026, he has made various decisions perceived as anti-crypto. Winklevoss’s call for pre-election clarity on SEC leadership is framed as a non-partisan issue aimed at uniting the sector in its quest for stability and predictability.
Time for Cryptocurrencies to Become Mainstream
Winklevoss desires for cryptocurrency to become mainstream enough to no longer require debates or special conferences. Comparing the current state of cryptocurrency discourse to past debates on the legality of email or the internet, Winklevoss argues that the crypto sector should become a normalized part of daily life without needing political support or opposition.
The call for clarity comes amid the Bitcoin2024 conference in Nashville, where numerous politicians, including independent presidential candidate Robert F. Kennedy Jr., Senator Cynthia Lummis, and Senator Tim Scott, expressed their support for the cryptocurrency sector. Kennedy particularly praised Bitcoin‘s potential to improve the U.S. economy and promised to sign executive orders promoting cryptocurrencies on his first day in office if elected.
Former President Donald Trump‘s participation in the conference underscores the growing political interest in cryptocurrency. Winklevoss’s comments signal that as cryptocurrencies become more integrated into mainstream financial systems, the need for political figures to attend crypto-specific events will diminish, and the sector will be fully accepted and integrated into the broader economy.
