In a lengthy X post on Saturday, Gemini crypto exchange co-founder Tyler Winklevoss accused the current White House administration of failing to engage with the crypto community.
Tyler wrote that in June, he and the twins were disinvited from a cryptocurrency roundtable in Washington that was scheduled to be attended by the White House because the Winklevoss twins supported former President Donald Trump.
Tyler writes:
“The Biden-Harris Administration did not want us to be there and refused to include us at the event even if we were present.”
The Winklevoss twins called Trump a “pro-cryptocurrency” supporter and donated more than $1 million each to his campaign, though they later received refunds totaling more than $300,000 for exceeding the contribution limits allowed by federal law.
According to Tyler:
“… (The withdrawal of the invitation) is a glaring indication of this administration's unwillingness to go beyond lip service and genuinely engage with our industry.”
He added that if the Government was going to negotiate with an industry it had been “at war” with for four years, it should have listened to the “loudest and most critical voices”, even if they were firmly set in their views.
Tyler called the administration's actions “petty,” adding that disinviting critics shows “fake engagement that only creates meaningless echo chambers.”
Tyler questions who is in charge at the White House.
Tyler speculated about who made the decision to disinvite the former Olympic rower. Because President Biden was not at the event, Tyler concluded it was unlikely he was involved. Tyler questioned who is really pulling the strings in the White House.
He wrote:
“So who exactly is in charge here? … Who are these people and how can we look them in the eye and get assurance that the next four years are going to be different? I'd love to know.”
Tyler also wrote that Harris, who turned down an offer to speak at Bitcoin 2024 this weekend, may have wanted to attend the event. He speculated that “the same people who appointed her a week ago won't let her attend.”
The problem, Tyler said, is that “we don't really know who's in charge in the White House.” He added that the solution is for the government to show “real, concrete action” before the November election. This call for action is a “bipartisan” one, Tyler wrote.
The crypto industry needs to know who the next SEC chairman will be
According to Tyler, the crypto industry should band together to demand who the next chairman of the U.S. Securities and Exchange Commission (SEC) will be, with the announcement made ahead of the November election.
“We need to see visible change and evidence of a commitment to treating our industry fairly and in good faith going forward.”
Tyler concluded his post by saying that the industry needs to demand that both sides embrace cryptocurrency, treat it fairly, and make “America the best place in the world for crypto.”
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