Crypto Bluff: Winklevoss Twin Warns Community Amid VP Harris’ Reset Speculations

Mila July 31, 2024

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In a public statement, popular crypto advocate and co-founder of Gemini exchange, Cameroon Winklevoss has issued a stark warning to the community about a potential bluff from incumbent Vice President of the United States, Kamala Harris. Winklevoss’ warning comes in light of recent speculations about an anticipated reset meeting between the vice president and crypto companies in the industry.

Crypto Advocate Says “Beware Of The Big Bluff”

According to recent reports, Vice President, Kamala Harris and her campaign advisors are seeking to meet with top institutions in the crypto industry. The purpose of the meeting is to “reset” the relationship between her Democratic party and the leaders of the digital asset sector ahead of the upcoming US presidential elections.

About four people vast in the development disclosed that members of Harris’ campaign team have recently reached out to individuals associated with cryptocurrency companies to schedule a meeting.

Major companies like San Fransisco-based, Coinbase, financial giant, Ripple, and stablecoin company Cirle are anticipated to attend the meeting. Although details about a specific date for the meeting have not been published, it is expected to take place in the upcoming days.

Responding to the development, Cameroon Winklevoss has warned the public to beware of the big bluff, stressing the value of sincere regulatory assistance as well as the possible dangers of political maneuvering. His warning also raises questions about the possibility that the VP engagements and remarks towards digital assets lately might not result in significant endorsement for the sector.

Furthermore, the Winklevoss twins suggested that Harris should call off the meeting with industry leaders if she is not ready to act quickly, bravely, and decisively.

He added:

You can’t burn bridges for 4 years and expect to rebuild them with words alone. As President Trump astutely pointed out this weekend at the Bitcoin2024 conference, we are a high IQ industry. We will not fall for any bluffs. And we will not be swayed by what you say. We will only consider what you do.

Thus the Gemini co-cofounder has called on the vice president to fire United States Securities and Exchange Commission (SEC) chairman Gary Gensler in order to demonstrate her support towards the digital asset industry.

Potential Resignation Imminent For Gensler?

Cameroon Winklevoss is not the only major figure in the space who has called for Gary Genler’s resignation. On Sunday, legal expert and candidate for Massachusetts Senate seat, John E. Deaton, also urged Kamala Harris to dismiss Gensler as the chairman of the US SEC.

According to Deaton, Harris firing Gensler will be the most significant thing she could do to show that she is completely committed to a reset towards Bitcoin and other cryptocurrency assets. He also stated that it would be highly indicative of her good faith.

This public call highlights Deaton’s ambitions to foster a more favorable regulatory framework that will aid the ever-evolving world of digital assets, as he believes Gensler’s regulation by enforcement policy has consistently stifled innovations in the US.