- Cameron Winklevoss urges Kamala Harris to support the crypto industry through significant regulatory changes.
- The Gemini co-founder emphasizes the need for actionable steps, not just rhetoric.
- Calls from various experts push for the removal of agitators tied to Operation Choke Point 2.0.
Discover the recent calls for decisive regulatory actions in the crypto industry, focusing on the removal of key figures and the impact on future market trends.
Winklevoss’s Call to Action for Kamala Harris
Gemini co-founder Cameron Winklevoss has publically urged Vice President Kamala Harris to take concrete steps in reforming crypto regulations. In a recent statement on social media platform X, Winklevoss stressed that vague promises are insufficient to rebuild trust in the crypto sector, which has faced multiple challenges over the last four years.
The Demand for Firing Gary Gensler
Winklevoss specifically called for the dismissal of SEC Chair Gary Gensler before the end of November, indicating that such a move would demonstrate a real commitment to change. This demand aligns with former President Donald Trump’s similar pledge made at the recent Bitcoin Conference. Trump has vowed to remove Gensler on his first day back in office, signaling bipartisan discontent with current SEC leadership.
Experts Rally Against Operation Choke Point 2.0
Custodia Bank founder Caitlin Long has echoed Winklevoss’s sentiments, pointing out that Gensler is just one player in a broader collective named Operation Choke Point 2.0. This initiative allegedly aims to debank lawful crypto firms, and Long argues that Harris should also focus on removing other instigators involved in obstructing the crypto industry.
Potential Market Impacts
Market analysts have mixed views on how a Harris victory in the upcoming elections would affect Bitcoin and the broader cryptocurrency market. While some predict a bullish trend if former President Trump returns, others suggest that a Harris administration might see Bitcoin prices dip below the $50K mark by the end of the year.
Conclusion
The calls for substantial regulatory changes in the crypto sector reflect a broader demand for accountability and concrete actions. Whether or not Kamala Harris takes these steps will likely have significant implications for the crypto market, influencing both investor sentiment and future regulatory landscapes.
