Cameron Winklevoss, co-founder of Gemini exchange, recently expressed concerns about potential actions by U.S. Vice President Kamala Harris and her advisors regarding the cryptocurrency industry. In a post on X, Winklevoss emphasized the need for concrete actions rather than promises, particularly regarding regulatory matters. He specifically called for removing SEC Chair Gary Gensler, aligning with Donald Trump’s similar promise at a recent Bitcoin Conference.
Caitlin Long, founder of Custodia Bank, also weighed in, suggesting that Gensler is just one of several officials involved in regulatory pressures against the crypto industry, often called “Operation Choke Point 2.0.” Long emphasized that Harris should also address other regulators involved in these actions.
Market analyst Jonah speculated that if Harris were to win the upcoming election, the price of Bitcoin could drop below $50,000. This stands in contrast to predictions that Bitcoin could reach $100,000 if Donald Trump is elected. The crypto community is watching closely to see how the regulatory environment might change depending on the election outcome.
