Gemini's Tyler Winklevoss has a curt response to Gary Gensler: 'Total disgrace..'

Core Insights - Tyler Winklevoss, co-founder of Gemini, expressed dissatisfaction with former SEC Chair Gary Gensler's policies on cryptocurrency, particularly after Gensler's recent CNBC interview [1][5] - Gensler highlighted that during his tenure, the SEC dealt with nearly 100 fraud cases and defended his regulatory approach, emphasizing investor protection as a core mission [1][3] - Gensler characterized crypto trading as driven by momentum and hype rather than fundamentals, suggesting that many of the thousands of tokens in circulation are speculative and likely to collapse [2][3] Group 1: SEC Policies and Statements - Gensler stated that reforms achieved during his leadership included shortening the stock market settlement cycle from two days to one, enhancing market efficiency [2] - He opposed proposals to reduce corporate reporting from quarterly to semiannual, arguing that transparency is crucial for market stability and investor assessment [4] Group 2: Reactions from the Crypto Community - Winklevoss labeled Gensler as "a total disgrace to our country" in response to his defense of regulatory positions and the SEC's oversight of the crypto market [5] - Winklevoss, alongside his brother Cameron, is recognized as a significant figure in the crypto ecosystem, actively supporting pro-crypto initiatives and contributing nearly $23 million to related Political Action Committees [6][7]