Winklevoss twins disinvited from White House crypto roundtable for endorsing Donald Trump
Crypto investor Tyler Winklevoss publicly criticized the Bidden-Harris administration for its unwillingness to engage with the crypto industry. He referenced how the White House canceled the Winklevoss brothers’ invitation to a crypto roundtable for endorsing Donald Trump. Tyler also demanded that the government name the next chair of the U.S. SEC before polling day.
Crypto has become a hot topic for presidential campaigns ahead of the U.S. elections in November. Presidential candidate and serving Vice President Kamala Harris has so far failed to declare her stance on crypto, especially because of her role in the Biden administration, which has waged war on crypto since it took office.
In a lengthy X post on July 27th, American crypto investor and Gemini co-founder Tyler Winklevoss explained how the Biden-Harris administration has deliberately failed to engage the crypto community and ignored vocal and critical crypto enthusiasts.
White House revokes roundtable invitation for Winklevoss twins
Tyler explained that the Winklevoss twins were invited to a crypto roundtable with the White House in Washington DC. Two weeks later, their invitation was revoked for their public endorsement of presidential aspirant and former president Donald Trump.
Winklevoss also highlighted Kamala Harris’ decision to decline to speak at the 2024 Bitcoin conference in Nashville despite the conference organizers “graciously and magnanimously” extending an invitation to her. It is unknown why Harris declined to attend the event.
On the other hand, Bitcoin Conference CEO David Bailey confirmed that Trump will speak at the conference. Tyler also mentioned that crypto should be universally accepted to the extent that politicians cannot use it for campaigns even when in attendance.
Tyler criticized the Biden-Harris administration, urging them to name the next chairperson of the U.S. Securities and Exchange Commission before November’s polling day. According to him, “We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box. This is table stakes, and this is how you make crypto bipartisan.”
Gary Gensler faces backlash from crypto pioneers
Gary Gensler is the current chair of the U.S. SEC and is widely known in the crypto industry for championing anti-crypto ideas. On July 24th, Cameron Winklevoss also criticized the Biden-Harris administration, stating that they have been trying to “fight and kill” crypto. Cameron gave recommendations to the administration, which included firing Gary Gensler from the commission and ending Operation Choke Point 2.0.
On July 24th, Ripple’s CEO Brad Garlinghouse also identified Gary Gensler as a political liability for Kamala Harris if the presidential candidate decides to adopt Senator Elizabeth Warren’s strong, skeptical stance on crypto. While speaking to Fortune’s Andrew Nusca, Brad mentioned that Gary’s SEC chairmanship has made the United States lag behind other nations in clarifying regulations governing digital assets.
