Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, has launched a scathing critique of the Biden-Harris administration’s stance on cryptocurrency.
What Happened: In pointed remarks, Winklevoss focused on Vice President Kamala Harris‘s recent decision to decline an invitation to speak at The Bitcoin Conference in Nashville. He also accused the current administration of waging an “all-out war on the crypto industry” throughout their four-year term.
Winklevoss expressed frustration that despite this perceived hostility — the conference organizers had extended an olive branch by inviting Vice President Harris to address the gathering.
“What does she do? She declines,” Winklevoss stated, emphasizing the missed opportunity for dialogue. “She can’t even take the first step and show up to start mending fences.”
Winklevoss suggested that the Vice President’s decision to not attend the conference would have lasting repercussions, stating, “Our industry won’t forget this.”
In a clear reference to the upcoming U.S. elections, Winklevoss added a stark warning: “We will show no mercy in November.”
Also Read: Bitcoin Tumbles 3%, Ethereum Plunges Below $3,200: What Is Going On With ETFs?
Why It Matters: Winklevoss’s remarks echo sentiments shared by other prominent figures in the crypto industry.
David Bailey, CEO of BTC Inc., the company organizing the Bitcoin 2024 conference, expressed disappointment over Harris’s decision not to attend. “Kamala Harris will not be speaking @TheBitcoinConf. No surprise. What can she say to us when she's actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” Bailey tweeted.
Wayne Vaughan, Founder & CEO at Tierion, also criticized the administration’s approach, suggesting that genuine reconciliation requires significant policy changes.
“The Biden-Harris Administration didn’t ignore crypto. They didn’t laugh at crypto. They tried to fight and kill crypto,” Vaughan stated.
He outlined several steps that he believes are necessary to rebuild trust, including the dismissal of Gary Gensler, the end of Operation Chokepoint 2.0, and a commitment to pro-crypto legislative efforts.
As the midterm elections draw near, the crypto community’s response to perceived regulatory overreach will likely influence both political discourse and market dynamics.
What’s Next: Attendees at Benzinga’s Future of Digital Assets event on Nov. 19 will be keenly watching these developments, seeking insights into the evolving landscape of digital asset regulation and adoption.
Read Next:
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
