In a public statement, popular cryptocurrency advocate and co-founder of Gemini exchange, Cameroon Winklevoss, made a firm statement warning to the community about a potential bluff by incumbent Vice President of the United States, Kamala Harris. Winklevoss’s warning comes in featherlight of recent speculation about an expected reset meeting between the vice president and cryptocurrency companies in the industry.
Cryptocurrency Advocate Says: ‘Beware the Gigantic Bluff’
According to the latest reports, the vice president, Kamala Harris and her campaign advisers want to meet with leading institutions in the cryptocurrency industry. The goal of the meeting is to “reset” the relationship between her Democratic Party and leaders of the digital asset sector ahead of the upcoming U.S. presidential election.
About four people involved in the developments revealed that members of Harris’ campaign staff recently contacted people associated with cryptocurrency companies to schedule a meeting.
The meeting is expected to be attended by major companies such as San Francisco-based Coinbase, financial giant Ripple and stablecoin firm Cirle. While details about the specific date of the meeting have not been released, it is expected to take place in the coming days.
In response to the developments, Cameroon Winklevoss warned the public to be wary of a substantial bluff, emphasizing the value of heartfelt regulatory support as well as the possible dangers of political maneuvering. His warning also raises the possibility that the VP’s recent engagement and comments on digital assets may not result in significant support for the sector.
In addition, The Winklevoss Twins suggested that Harris should cancel her meeting with industry leaders if she is not prepared to act quickly, boldly and decisively.
He added:
You can’t burn bridges for 4 years and expect to rebuild them with just words. As President Trump so aptly noted this weekend at the Bitcoin2024 conference, we are a high-IQ industry. We will not fall for any bluffs. And we will not be fooled by what you say. We will only consider what you do.
In this regard, the Gemini co-founder asked the vice president to fire the chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler to demonstrate their support for the digital asset industry.
Can Gensler resign?
Cameroon Winklevoss is not the only major figure in the space to call for Gary Genler’s resignation. On Sunday, the legal expert and candidate for Massachusetts Senate Seat, John E. Deaton, also persuaded Kamala Harris removes Gensler as chairman of the U.S. Securities and Exchange Commission (SEC).
According to Deaton, Harris firing Gensler will be the most significant thing she can do to show she is fully committed to the reset toward Bitcoin and other cryptocurrency assets. He also stated that this would be highly indicative of her good faith.
The public call underscores Deaton’s ambition to support a more supportive regulatory framework that will facilitate the ever-evolving world of digital assets, as he believes Gensler’s enforcement-by-regulation policies have consistently stifled innovation in the U.S.
Featured image is from YouTube, chart is from Tradingview.com
