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Highlights
- Scaramucci predicts VP Harris might replace SEC Chair Gensler if nominated.
- Winklevoss twins demand big shifts to win back crypto voters.
- Balaji Srinivasan calls for firing Gensler to align with crypto community interests.
Anthony Scaramucci has voiced his expectations for Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
Anthony Scaramucci Predicts Kamala To Fire US SEC Chair
On X (previously Twitter), Anthony Scaramucci shared several posts regarding Vice President Kamala Harris’s possible actions towards US SEC Chair Gary Gensler. Scaramucci thinks that if Harris becomes the Democratic presidential candidate, she will probably fire Gensler.
This prediction is made at a time when there is still a lot of discourse on the part of the Biden administration on cryptocurrency as well as the legal framework surrounding digital assets.
I'm seeing a lot of bad takes on @VP @KamalaHarris decision not to speak at the #Bitcoin Conference. "Her administration has been hostile to #Crypto, vote Trump" is the message. Trump called #Bitcoin a "scam" as recently as 2022 and his administration was also hostile to digital…
— Anthony Scaramucci (@Scaramucci) July 24, 2024
Scaramucci went on Twitter to calm the crypto community, pointing out that Harris is quite receptive to cryptocurrencies. He said that one should not view Harris’s refusal to address the Bitcoin Conference as an act of hostility towards the sector. He said that Harris is busy now especially that she is the presumptive nominee to be the Democratic candidate for the presidency but has recently proven to be open to the industry.
Moreover, he emphasized that just as Trump changed his view after calling Bitcoin a scam in 2022, Kamala has shown potential for a change by considering speaking at the Bitcoin Conference. Subsequently, Scaramucci highlighted that Kamala Harris and Senator Elizabeth Warren are not friendly. He noted:
“ Gensler will be fired and Warren will be sidelined as Financial Services Czar in a Harris admin. Let’s keep crypto bipartisan, it will be healthier for the ecosystem in the long run.”
Criticism of Biden Administration’s Crypto Policies
Some of the leading personalities in the crypto industry, such as Cameron and Tyler Winklevoss, co-founders of Gemini, have also slammed the Biden administration. They contend that the current administration is hostile to cryptocurrency and paints a picture of the administration’s actions and enforcements.
Cameron Winklevoss stated that the actions should be taken in good faith such as firing Gensler, ceasing certain enforcement actions, and stepping away from Elizabeth Warren in crypto legislation processes to win the trust of the crypto community.
The Biden-Harris Administration didn't ignore crypto.
They didn't laugh at crypto.
They tried to fight and kill crypto.If you operate in bad faith and want to extend a sincere olive branch, you first need to demonstrate good faith:
Fire @GaryGensler
End Operation Chokepoint…— Cameron Winklevoss (@cameron) July 24, 2024
Tyler Winklevoss was of the same opinion and called for significant and timely changes from the Democratic Party to win back the crypto community voters. He argued that if these issues are not solved, the party may lose the support of the crypto community especially in the coming elections.
Calls for Firing of SEC Chair Gary Gensler
Balaji Srinivasan, a tech entrepreneur and the former CTO of Coinbase, also commented on the matter. He claimed that Harris, who can be viewed as the head of the Democratic Party due to Biden’s position as a lame duck president, should take a number of specific measures to prove her commitment to the crypto industry.
Some of the immediate actions Srinivasan suggested included dismissing Gensler, stopping the Biden administration’s AI policies, and eliminating the unrealized capital gains tax.
That’s all just words, though.
She’s essentially the acting President as Biden is a lame duck. So as concrete actions she should immediately fire Gensler, end the Biden assault on AI, and repudiate the unrealized capital gains tax.
That’s a good start.
Anything less is fake. https://t.co/cAPSCEEDPd— Balaji (@balajis) July 24, 2024
Srinivasan said that the Democratic Party has a process to fire Gensler and pointed out that the party can do so if it thinks it is politically right. He explained that clear actions would have to be taken to change the situation and actually respond to the concerns of the crypto community.
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