Bitrabo Editorial
A notable crypto proponent and co-founder of Gemini exchange, Cameroon Winklevoss, has raised concerns over a possible deception by Vice President Kamala Harris. Winklevoss’ alert follows speculation about an upcoming reset meeting between the vice president and crypto industry players.
Warning About Potential Deception
Reports indicate that Vice President Kamala Harris and her campaign advisors are looking to engage with key players in the crypto sector. The objective is to “reset” ties between the Democratic party and digital asset leaders ahead of the upcoming US presidential elections.
Sources reveal that Harris’ team has been reaching out to individuals linked to cryptocurrency firms to arrange a meeting.
Major players like San Francisco-based Coinbase, Ripple, and Circle are expected to participate, with the meeting likely to happen soon.
In response, Cameroon Winklevoss has cautioned against being misled, emphasizing the importance of genuine regulatory support and potential risks of political tactics. He questions whether Harris’ recent interactions and statements on digital assets will translate into significant backing for the sector.
The Winklevoss twins propose that Harris should cancel the meeting with industry heads if she is not prepared to act promptly, boldly, and decisively.
He emphasized:
You can’t expect to mend relationships solely through words after four years of hostility. As highlighted by President Trump at the Bitcoin2024 conference, the crypto industry is discerning. We will not be deceived by empty promises but will assess actions over words.
Therefore, the Gemini co-founder urges the vice president to remove the US SEC Chairman Gary Gensler to demonstrate support for the digital asset sector.
Potential Call for Gensler’s Resignation
Cameroon Winklevoss is not alone in advocating for Gary Gensler’s departure. Recently, legal expert and Massachusetts Senate seat hopeful, John E. Deaton, also urged Kamala Harris to replace Gensler as the SEC chairman.
Deaton asserts that dismissing Gensler would be a significant step to exhibit Harris’ commitment to embracing Bitcoin and other cryptocurrencies, showing her sincerity.
This public plea underscores Deaton’s aim to foster a more favorable regulatory environment to nurture advancements in digital assets, as he believes Gensler’s enforcement-oriented regulations have stifled innovations in the US.