Tyler Winklevoss: Gary Gensler Is Embodiment of Evil


The crypto industry continues to be shaken, and this time its defenders did not mince words. The head of the Gemini crypto exchange, Tyler Winklevoss, harshly criticized the chairman of the Securities and Exchange Commission (SEC) Gary Gensler. In his post on the X platform, Winklevoss bluntly called Gensler "the embodiment of evil" and said that no apology can repair the damage incurred.


Winklevoss' criticism came amid rumors about Gensler's possible resignation after Donald Trump's victory in the presidential election on November 5. Tyler did not hide his emotions, calling the actions of the SEC head "a carefully thought-out plan to implement a personal political agenda." He noted that Gensler can no longer be trusted with any authority.


During his tenure, Gensler led numerous lawsuits against crypto giants like Binance, Coinbase, and Ripple. According to Winklevoss, these were deliberate actions that led to the “destruction of an entire industry,” as well as the loss of jobs and billions in investments.


Consensys CEO Joseph Lubin agreed with Winklevoss’s position, noting that the SEC had been “gaslighting” the crypto industry for a long time. Meanwhile, 18 US states have filed a class action lawsuit against the SEC and Gary Gensler personally, accusing the regulator of abuse of power.


Who will replace Gensler? According to Hash Telegraph sources, the leading candidate for this role from Trump’s team is Dan Gallagher, the head of the legal department at Robinhood. If rumors of resignation are confirmed, the crypto industry may get a chance to take a breather.


Time will tell whether the crypto community will be able to recover from the consequences of Gensler's "tough regulation" and how the SEC's policy will change in the future.


#SEC #Trump #Gensler #Binance #Gemini



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