Winklevoss claimed that Gensler’s behavior cannot be excused as “good faith mistakes” before arguing that it was “entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost.” Gemini, United States, Winklevoss Twins, Gary Gensler Source: Tyler Winklevoss

During Gensler’s time as SEC chair, crypto firms like major exchanges Binance and Coinbase, Ripple, among others, have faced ongoing legal battles from the regulator. Winklevoss argued that Gensler took the regulation-by-enforcement approach to the crypto industry, showing little regard for anyone working in the sector:

“Even if this meant nuking an industry, tens of thousands of jobs, people’s livelihoods, billions of invested capital, and more, ironically, his sociopathic ambition ended up torching his own political party.”