‘Shield crypto from federal overreach’: Winklevoss twin says

Cameron Winklevoss, co-founder of Crypto Exchange Gemini, urged legislators to adopt cryptographic regulations that protect the federal surpassing industry.

In a declaration of March 4 on X, Winklevoss said that regulation implementation measures had been armed to stifle cryptographic innovation. He argued that agencies are used against digital assets for political purposes, calling for legal protections to prevent politically motivated application measures.

Winklevoss criticized senator Elizabeth Warren, alleging that she influenced the American Commission for Securities and the Crypto Sauper Exchange by excessive application measures. He warned that Warren could prolong a similar influence on the Commodity Futures Trading Commission and other financial guard dogs in the future.

He expressed his concerns that agencies such as the SEC and the CFTC can be exploited by political figures to push an anti-Crypto program. Adopting parallels with Warren’s past actions against banks and fintech companies, he underlined the need for a “zero -confidence model” in the treatment of regulators.

Previous of Senator Elizabeth Warren Anti-Crypto actionsincluding his last meticulous examination of Tether’s banking relations With the candidate of the president of President Donald Trump to the Secretary of Commerce, Howard Lunick, indicates a wider diagram which could extend to other financial regulatory organizations, fear Winklevoss.

Concerns about regulatory influence and application biases

Winklevoss also expressed its distrust of financial regulators, saying that anti-Crypto decision-makers have infiltrated regulatory agencies and use their power to push political agendas rather than ensuring fair surveillance.

He specifically referenced the president of the SEC, Gary Gensler, who previously was president of the CFTC from 2009 to 2014, suggesting that regulatory organizations could be influenced by political ideologies, posing risks to entrepreneurs and cryptographic companies.

This perspective aligns with the broader feelings of the industry with regard to the regulatory examination. For example, the recent decision of the dry of Tell your file against Gemini and a crowd of others Cryptographic platforms was considered a positive development by Winklevoss, which has already criticized regulatory actions against cryptographic platforms.

In addition, the recent achievement by Gemini of Secure approval of the principle For an investment business license in Malta, the insistence of the company to comply with international regulatory standards, further stressing the importance of clear and fair regulations.

In addition, Winklevoss’s position reflects the widest of the cryptographic industry Concerns about the potential “defrosting” practices targeting companies related to crypto.