As a seasoned researcher with extensive experience in the crypto industry, I have closely followed the developments surrounding the regulatory landscape for digital assets in the United States. The recent warning from Gemini co-founder Cameron Winklevoss to US Vice President Kamala Harris regarding potential “reset” for the crypto industry is of particular interest to me.
The co-founder of Gemini Exchange, Cameron Winklevoss, has issued a cautionary statement on platform X, expressing concern that the actions of Kamala Harris and her team might bring about significant changes for the crypto sector, which some have referred to as a potential “reset.”
Gemini co-founder Has Message for Kamala Harris
To paraphrase, during a recent interaction with Vice President Kamala Harris, Tyler Winklevoss of Gemini emphasized the need for concrete actions on crypto regulations instead of mere promises. He highlighted that past inaction on this issue has caused significant harm and that the intelligent and resourceful crypto industry would not be swayed by empty pledges.
As a researcher studying the intersection of politics and cryptocurrency, I’d like to share my perspective on Winklevoss’ remarks regarding Donald Trump’s comments at the Bitcoin Conference last weekend. Wink Bevoss expressed that the crypto community would not be influenced by empty words but rather seek concrete actions. He urged U.S. Vice President Harris to demonstrate her support for the crypto industry by dismissing SEC Chair Gary Gensler prior to November this year. At the conference, Trump had already promised to terminate Gensler upon taking office on Day 1.
Warning: Be cautious of grand deceit in the crypto sphere. Kamala Harris and her team are currently engaged in a “reboot” with the industry. To save the Vice President’s valuable time, let me make this clear: @KamilaHarris, only proceed if you are ready to act decisively, courageously, and effectively.
— Cameron Winklevoss (@cameron) July 29, 2024
Additionally, Caitlin Long, founder of Custodia Bank, stated that Gensler is not the only instigator behind Operation Choke Point 2.0. She urged Harris to dismiss other individuals who are continuing efforts to de-bank compliant cryptocurrency companies as well.
What Happens to Bitcoin If Kamala Harris Wins?
One segment of the cryptocurrency community believes that Bitcoin’s price may reach $100,000 by year-end if Donald Trump wins the presidency. However, this prediction could change if Harris emerges as the victor in the election. Market analyst Jonah anticipates a potential Bitcoin price drop below $50,000 should Harris defeat Trump.
Kamala is ripping.
If she wins, BTC is finishing the year sub-$50k.
Her meteoric rise is currently hindering the expected surge of your stocks, given the generally favorable market conditions.
— Jonah (@jvb_xyz) July 28, 2024
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2024-07-29 08:28