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Cameron Winklevoss urged the US vice president to take swift and concrete action to address the damage done to the crypto sector over the past four years.
The co-founder of the Gemini exchange Cameron Winklevoss has warned the crypto industry, informing them of an attempt by the US vice president Kamala Harris and her advisor to reset the crypto sector through empty promises.
In a post on X, Cameron Winklevoss urged the US vice president to take swift and concrete action to address the damage done to the crypto sector over the past four years. He further said that Harris needs to show her dedication to the industry by taking big action – firing Securities and Exchange Commission (SEC) Chair Gary Gensler before November 2024.
Beware of the Big Bluff. Harris and her advisors are in the process of working on a "reset" with the crypto industry. Being respectful of the Vice President's time, let’s be crystal clear here:@KamalaHarris, please don't bother unless you are prepared to take swift, bold, and…
— Cameron Winklevoss (@cameron) July 29, 2024
The Gemini co-founder referred to what former President Donald Trump said at the Bitcoin Conference, stating that the crypto industry has high intelligence. Hence, mere words won’t trick or sway them. He told Harris they wouldn’t fall for ‘bluffs’ but would only consider real actions.
Previously, Tyler Winklevoss, twin brother to Cameron, said the same thing. He noted that empty words without action are cheap. Harris should take action by firing Gary Gensler, stopping all SEC clampdowns on good actors and ending Operation Choke Point 2.0. He remarked that since the vice president won’t do that, she won’t get any crypto sector votes. Tyler said:
“Talk is cheap. She would need to start by immediately firing GaryGensler, withdrawing all SECGov enforcement actions against good actors, and ending Operation Chokepoint 2.0. She won’t do this so she won’t stand a chance in winning back the crypto voting block. Time for change.”
Custodia Bank founder Caitlin Long agreed with Winklevoss, saying that Harris should fire the instigators behind “Operation Choke 2.0” as Gensler is just one part. She noted that the people behind the regulation need to go. She said:
“And fire the instigators of OperationChokePoint2.0 as well. Gensler is just one part; the three instigators of OP2 who are *STILL* working insidiously to debank the law-abiding companies in this space need to go too.”
BTC to Drop to 50,000 if Kamala Wins
Trump’s vocal support for Bitcoin has led many to start predicting that the price of the largest crypto could spike to $100,000, before the year runs out if the former president wins the election. However, that may not be the same for BTC if Harris emerges victorious, according to Jonah, a crypto analyst with over 14 thousand followers. He said BTC could crash to $50,000 if Harris triumphs in the upcoming election by November.
“Kamala is ripping. If she wins, BTC is finishing the year sub-$50k. Her rising star is why your bags are not rallying right now, despite what is otherwise an extraordinarily bullish setup,” he said.
Former President Donald Trump at Bitcoin24 further showed his support for crypto as he revealed his plan to make the United States the crypto Capital of the planet and Bitcoin the world’s superpower. On behalf of Bitcoiners, he also received 1 BTC as a donation from Bitcoin Magazine’s CEO David Bailey.
