“Gensler Should Never Again Have a Position of Power”: Tyler Winklevoss

• Tyler Winklevoss has taken a jab at Gary Gensler. 
• The Gemini co-founder claimed Gensler destroyed the crypto industry. 
• The comments came after reports emerged that Gensler might resign as the SEC’s chair. 

Gemini co-founder Tyler Winklevoss took to X on Saturday to warn Americans about Gary Gensler’s “sociopathic ambition” that almost crippled the crypto industry and “ended up torching his own political party.” 

President Joe Biden nominated Gensler as the U.S. Securities and Exchange Commission ’s (SEC) 33rd chair on February 3, 2021. The SEC, under both Gensler and his predecessor, has scored significant wins against crypto companies, litigating or settling almost 200 cases since 2017. The latest crypto firms to receive a Wells Notice from the regulator include Robinhood Crypto, Uniswap Labs, Consensys, and Crypto.com. 

Winklevoss Rips Gensler Apart 

In a fiery post , Winklevoss said Gensler’s behavior toward the crypto industry as the SEC chair couldn’t be excused as “good faith mistakes.” The Gemini co-founder claimed Gensler’s anti-crypto stance was planned, intentional, and “purposeful” to fulfill personal and political agendas. 

“No amount of apology can undo the damage he has done to our industry and our country. This type of person has no place at any institution, big or small,” Winklevoss wrote. “Any company, university, or organization that hires or works with him post-SEC is betraying the crypto industry and should be boycotted aggressively.” 

According to Winklevoss, Gensler should not be allowed to hold a position of power or influence if he resigns from the SEC. 

The Gemini co-founder’s heated sentiments came after CNBC reported on November 13 that Gensler’s tone while speaking at the Practising Law Institute’s 56th annual conference implied that he might resign as the SEC chair following Donald Trump’s presidential election victory. 

“It’s been a great honor to serve with them, doing the people’s work, and ensuring that our capital markets remain the best in the world,” the report quoted Gensler as saying. 

Gensler worked at Goldman Sachs before his career pivoted to the federal government. 

Read how 18 U.S. states sued the SEC:
18 States Sue SEC for “Untenable” Crypto Enforcement Actions

Stay updated on why Crypto.com recently sued the SEC:
Crypto.com Sues SEC to ‘Protect’ Crypto’s Future in the U.S.