Against the backdrop of persistent resignation rumors, Tyler Winklevoss posted a detailed post about the SEC chairman, stating: "Let's be clear, Gary Gensler is evil."
Gemini co-founder Tyler Winklevoss claimed that the damage caused by SEC Chairman Gary Gensler to the cryptocurrency industry is irreversible, as speculation that Gensler may resign has been growing.
"Let's be clear about one thing. Gary Gensler is evil," Winklevoss declared in a November 15 Xpost. "He should never again hold a position of influence, power or impact," Winklevoss added.
Prior to Winklevoss' remarks, cryptocurrency market participants had become increasingly optimistic that the well-known cryptocurrency skeptic Gary Gensler might resign after Trump won the US presidential election on November 5.
Winkelvoss says Gensler's actions cannot be excused as "well-intentioned"
Winklevoss claimed that Gensler's actions cannot be forgiven as "well-intentioned mistakes" and argued that they were "deliberate, premeditated, and intended to achieve his personal political objectives at all costs".
During Gensler's tenure as SEC chairman, major exchanges like Binance, Coinbase, and Ripple have faced ongoing legal disputes with the regulator. Winklevoss believes that Gensler has taken a coercive regulatory approach to the cryptocurrency industry, showing little respect for anyone in the industry:
"Even if it means destroying an industry, tens of thousands of jobs, people's livelihoods, billions of dollars in investment capital, and so on, ironically, his antisocial ambition ultimately destroyed his own party."
ConsenSys CEO Joseph Lubin recently expressed views similar to Winklevoss's to Cointelegraph, stating: "We've been living in a world that's been generously pressured by the SEC for a long time."
Opposition to Gensler is growing
MicroStrategy founder Michael Saylor believes that whoever replaces Gensler will play a "pivotal role" in the cryptocurrency industry.
"I think that's very favorable for digital assets," Saylor added.
Reuters on November 7 cited sources as saying that Robinhoodlegal director Dan Gallagher is currently a Trump team favorite to replace Gensler.
Meanwhile, on November 14, 18 US states sued the SEC and Gensler, accusing the financial regulator of "excessive intervention" in the emerging cryptocurrency industry. The plaintiffs include Nebraska, Tennessee, Wyoming, Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, and others.
