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Заголовок ‘Evil’ And ‘Sociopathic Ambition’: Gary Gensler Blamed For Torching Crypto And Jobs
Дата 20241117

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Evil And Sociopathic Ambition : Gary Gensler Blamed
For Torching Crypto And Jobs

Evil And Sociopathic Ambition : Gary Gensler Blamed
For Torching Crypto And Jobs

by Christian Encila

2 minutes ago

in Crypto News

0

Gemini’s Tyler Winklevoss joins the growing chorus of crypto personalities
calling out Chairman Gary Gensler of the Securities and Exchange Commission
(SEC).

Related Reading: Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To
Bold Prediction

In a Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter)/X post, the Gemini co-founder lashed out at the agency’s chief,
calling him “evil.” In the same post, he shared that Gensler should not be
allowed to hold any position of power, and any organization that hires Gensler
should be boycotted for betraying the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта industry.

This isn’t Gensler s first criticism on social media• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети, notably Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter)/X.
Many crypto personalities and political leaders have called on Gensler’s
resignation or outright removal for his “aggressive regulatory approach”
towards the crypto industry.

Let s all be clear on one thing. @GaryGensler is evil. He should never
again have a position of influence, power, or consequence. Any company,
university, or organization that hires or works with him post-SEC is betraying
the crypto industry and should be boycotted aggressively.…

Tyler Winklevoss (@tyler) November 16, 2024

Gary Gensler: Widely Hated In The Crypto Industry

Gary Gensler joined the SEC with a wealth of experience and an understanding
of the entrepreneurship, in particular the crypto space. However, as many
persons involved in the industry have put it, him being overtly regulatory has
raised eyebrows.

Gensler oversaw as the agency filed 104 enforcement actions against
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта and related firms. His aggressiveness in regulation, however,
has raised several red flags to developers and crypto enterprises, bearing
negative consequences on their programs going forward.

Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap currently at $2.9 trillion. Chart: TradingView

Beyond these enforcement actions, the aggressive campaign by the SEC has been
very costly and time-consuming to the respondents. Reports indicate that the
targeted crypto companies spent over $429 million and countless hours fighting
against these legal roadblocks. With this in mind, Winklevoss joined others
who criticize Gensler and call for his resignation.

Gensler is Evil And No Apology Can Undo The Damage: Winklevoss

Winklevoss is one of Gensler s vocal critics, calling for the SEC
chair’s ouster. The Gemini co-founder claims that Gensler has caused immense
and irreversible damage to the crypto industry.

Gary Gensler is “evil,” he says, and he should not be allowed to hold another
position of power or influence in the future. Any organization that hires
Gensler betrays the crypto industry, adds Winklevoss.

He then asks his followers to boycott the companies that will employ Gensler
in the future. Winklevoss’ post comes days after 18 US states have filed a
case against him for constitutional overreach.

Related Reading: Bitcoin Lifeline: Michael Saylor Explains How BTC Reserve
Could Cut US Debt By $16 Trillion

Will Gary Gensler Resign?

Gary Gensler has been the agency’s chair since 2021 and still has two more
years to complete his term. However, news and rumors about his resignation and
replacement began circulating immediately after Donald Trump s
re-election. Many in the industry speculate that Gensler may announce his
resignation before Thanksgiving or before Trump’s January inauguration.

Ripple Lab’s James Murphy has shared his thoughts on Gensler s possible
resignation. He adds that there have been instances when a chairman has
resigned ahead of the new presidential administration. Murphy used the
resignations of Jay Clayton in 2020 and Mary Jo White in 2016 to support his
observations.

Featured image from CNBC, chart from TradingView

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