The United States Securities and Exchange Commission (SEC) chair Gary Gensler has been accused of intentionally harming the crypto industry. Former Olympic rower and crypto exchange Gemini co-founder Tyler Winklevoss stated that Gensler’s actions were “entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost.” Winklevoss believes that Gensler should never hold a position of influence again and that any institution working with Gensler after his SEC tenure is betraying the crypto industry.
This comes after 18 US states filed a lawsuit against the SEC and Gensler, alleging “gross government overreach.”
