Tyler Winklevoss: No apology can undo damage done by Gensler
Winklevoss slams SEC's Gensler as "evil," blames him for crypto industry damage
Gemini co-founder Tyler Winklevoss has strongly criticized SEC Chair Gary Gensler, claiming his actions have caused “irreversible” damage to the cryptocurrency industry.
In a November 15 post on X (formerly Twitter), Winklevoss described Gensler as “evil,” arguing that he should never hold a position of influence again. His remarks come amid speculation that Gensler may resign following Donald Trump’s victory in the U.S. presidential election, reports Cointelegraph.
Winklevoss: Gensler’s Actions Were “Intentional”
Winklevoss accused Gensler of deliberately undermining the crypto sector to fulfill a personal and political agenda. “His behavior cannot be excused as ‘good faith mistakes,’” Winklevoss wrote. “It was entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost.”
Under Gensler’s tenure, the SEC has launched enforcement actions against major crypto firms like Binance, Coinbase, and Ripple, leading to ongoing legal battles. Winklevoss argued that Gensler’s regulation-by-enforcement strategy has harmed the industry, causing job losses, wiping out billions in investments, and disrupting livelihoods.
Winklevoss also suggested that Gensler’s approach backfired politically, ultimately damaging his own party’s reputation. His criticism echoes recent comments by Consensys CEO Joseph Lubin, who described the SEC’s actions as a form of “gaslighting” the crypto industry.
Speculation Mounts Over Gensler’s Future
Following Trump’s election win, many in the crypto space are optimistic about a potential shift in regulatory attitudes. Trump has previously signaled his intent to replace Gensler, and several pro-crypto candidates, such as SEC Commissioners Mark Uyeda and Hester Peirce, are being floated as potential successors.
If Gensler steps down, it could mark a turning point for U.S. crypto regulation, with hopes for a more collaborative and less adversarial approach. For now, Winklevoss’s remarks underscore the deep frustrations within the industry over Gensler’s handling of crypto oversight.
Recently we wrote, that David Bailey, CEO of Bitcoin Magazine, said that Donald Trump could create a Bitcoin strategic reserve without Congressional approval.
