Gemini co-founder Warns About Kamala Harris’ ‘Big Bluff’ to Crypto Industry

Highlights

Cameron Winklevoss said that Harris should fire SEC chair before November.
He said crypto community would not be swayed by rhetoric and would demand tangible actions.
Experts demand removal of instigators of Operation Choke Point 2.0.

Cameron Winklevoss, the co-founder of crypto exchange Gemini recently warned that US Vice resident Kamala Harris and her advisors might lure the crypto industry players with false promises in the coming months with a possible “reset” ahead.

Gemini co-founder Has Message for Kamala Harris

Addressing Kamala Harris, the Gemini co-founder urged the US Vice President to take decisive and concrete action in the matter of crypto regulations. Winklevoss said that promises alone won’t be enough to mend the damage done over the past four years. He also warned Harris about the high intelligence in the crypto industry and its resilience against empty promises.

While referring to Donald Trump’s comments at the Bitcoin Conference last weekend, Winklevoss said that the crypto community would not be swayed by rhetoric and would demand tangible actions. The Gemini co-founder demanded that the U.S. Vice President should show her commitment by firing SEC Chair Gary Gensler before November this year. At the Bitcoin Conference, Trump has already vowed to fir Gensler on his Day 1 at the office.

Beware of the Big Bluff. Harris and her advisors are in the process of working on a “reset” with the crypto industry. Being respectful of the Vice President’s time, let’s be crystal clear here:@KamalaHarris, please don’t bother unless you are prepared to take swift, bold, and…

— Cameron Winklevoss (@cameron) July 29, 2024

Also Read: Donald Trump To Fire SEC Chair Gary Gensler On Day 1

Adding further, Custodia Bank founder Caitlin Long that Gensler is just one thorn in the grand of instigators of Operation Choke Point 2.0. She added that Harris should also fire other instigators still working to de-bank other law-abiding crypto firms.

What Happens to Bitcoin If Kamala Harris Wins?

While one faction of the crypto industry is suggesting that the Bitcoin price could hit $100K by the year-end if Donald Trump becomes the next president, the scenario could be different if Harris manages to pull off this election. Market analyst Jonah predicts that Bitcoin price could crash sub 50K if Harris defeats Trump.

Kamala is ripping.

If she wins, BTC is finishing the year sub-$50k.

Her rising star is why your bags are not rallying right now, despite what is otherwise an extraordinarily bullish setup. pic.twitter.com/79Mf2bJhcx

— Jonah (@jvb_xyz) July 28, 2024

Also Read: Kamala Harris Win Odds Surge To 40% Amid Crypto Shift Talks

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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