SEC next chair must be named before US election — Tyler Winklevoss

The United States government must “take action” to inform the cryptocurrency industry who will be leading the securities watchdog ahead of the US election in November,according to cryptocurrency exchange Gemini co-founder Tyler Winklevoss.

“We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box,” Winklevoss declared in a lengthy X post on July 26 while revealing that he and his brother Cameron Winklevoss, also a Gemini co-founder, were recently uninvited from a recent event at the White House for endorsing Donald Trump.

Winklevoss believes this “perfectly captures” the Biden-Harris administration’s stance on the crypto industry. "The Biden-Harris Administration had an opportunity to try and reset the relationship with the crypto industry this week," he claimed.

“This is table stakes, and this is how you make crypto bipartisan. No more guessing. No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last 4 years,” Winklevoss added.

“Demanding that Harris, or whoever calls the shots, take action before November is the most non-partisan position of all. As an industry, we should be completely aligned on this.”

Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC) since February 2021, has become a controversial figure in the crypto industry due to several statements and decisions he has made over the years, which have been viewed as anti-crypto. His five-year term ends in June 2026.

Winklevoss wants politicians to skip crypto events

Meanwhile, Winklevoss shared his hope that politicians will stop attending Bitcoin and crypto conferences, believing that crypto should become so mainstream that it no longer needs debate.

“Like going to a conference on whether or not email or the Internet should be legal or allowed,” he stated.

The post comes on the same day as the second day of the Bitcoin2024 conference in Nashville. Independent presidential candidate Robert F Kennedy Jr delivered a speech praising the role Bitcoin could play in improving the US economy and the American way of life.

He promised to sign a number of executive orders on his first day in office to begin the process.

Meanwhile, Senator Cynthia Lummis and Senator Tim Scott delivered their presentation on the second day of the Bitcoin 2024 event in Nashville, Tennessee.

On July 27, former US president Donald Trump will headline the event.