Crypto vs SEC: Is Kamala Harris Going To Fire SEC Chair?

Cryptocurrency has become an industry of trillions in just a few years, with continuous support from investors. However, almost every nation, including the United States of America, lacks proper crypto regulations or efforts to support this technology. Talking of which, Gary Gensler, the SEC Chair, has been known as a crypto critic for slowing down the regulations and advancement of the industry. But now, as investors unite for the crypto vs SEC battle, Kamala Harris might be threatened to fire the SEC Chair.

Don’t Vote For Kamala Harris Unless She Fires SEC Chair

Tyler Winklevoss, the co-founder of one of the popular cryptocurrency exchanges, Gemini, has pleaded with the crypto users to unite and not vote for Kamala Harris unless she fires the SEC Chair. Through an X post on August 16, the Gemini Co-founder talked about how 50 Million US citizens invest in cryptocurrency and how they should unite against Harris to make her fire Gary Gensler or lose the crypto voters. He has called all crypto enthusiasts to come together to eradicate this barrier first before moving to other challenges.

50 million people in America own crypto. If all 50 million made it clear to Harris that she wouldn’t get their vote unless she fired @GaryGensler and ended the war on crypto before November 5th, the war would end and crypto would become bipartisan overnight. That’s the game…

— Tyler Winklevoss (@tyler) August 16, 2024

With this, Winklevoss is looking to end the crypto war that has been going on for long. He has also provided a timeline for the vice president to end this crypto war before November 5.

Will Kamala Harris Fire Gary Gensler?

Kamala has presented many controversial speeches not only on crypto but on many unrelated topics. Because of this, voters and industry leaders, including Elon Musk, have judged Kamala on her decisions, including her recent patent plan, questioning the future of America.

The consequence of such instances indicates the possibility of Donald Trump winning the odds against Kamala as he has become a pro-crypto enthusiast. More importantly, during the Blockchain conference, Donald Trump assured to tackle the biggest issue for crypto investors, which will happen by firing Gensler. With that Trump has openly promised to fire Gary on the first day of his presidency. As a result, he has gained huge support from the crypto community.

Regardless, the opposition is also attempting to gather crypto users towards them. However, with the failure of the Crypto For Harris Townhall Meeting, the vice president’s failure to reach the crypto investors is also clear.

With this, the chances of Kamala Harris firing the SEC chair are slightly there as she failed to gain investors’ attention. However, it is also difficult to predict her take on this condition as she aligns with the same thoughts on crypto as Gary. Her disinterest in this industry also becomes transparent with her silence on the US government moving 10,000 Silk Road Bitcoin to the coinbase exchange.

Moreover, Gary Gensler has already announced his retirement earlier so the outcomes would be much different whether Kamala fires him or not.

How Are Crypto Users Reacting To Harris?

Gemini’s Co-founder post has gained thousands of views and hundreds of comments, with major crypto users disagreeing to vote for her whether she fires Gary or not. Some have revealed they do not agree with any of her policies, whereas some worry that the firing would not have any impact as he will get hired for the Treasury Secretary position, which is equally bad.

Some have asked for this to happen right now, with some calling for Trump’s presidency again, indicating the poor image of Harris among investors.

Final Thoughts

Gary Gensler has ruined his image among crypto users because of his continuous harsh decisions. This has put it in a position where the people are looking for his retirement to put an end to crypto vs SEC. More importantly, Gemini co-founder has also asked the crypto investors to unite to appeal to Kamala, the US vice president, to fire Gary to get users’ votes. Now, the question is whether she will agree or not, especially when she is not the biggest fan of the industry.

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Pooja Khardia

With years of love for reading and 5 years of content writing experience, I’m here, working on my favorite writings about cryptocurrency. I’m actively looking for trending topics and informational statistics to curate the best content pieces for crypto enthusiasts. Staying updated with trends and learning the basis and advancements of this field is the best part of the day.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.