Winklevoss Calls Out Harris’ Crypto Promises
Tyler Winklevoss, co-founder of Gemini, is calling out Vice President Kamala Harris for claiming to be “resetting” the Biden administration’s stance on crypto. He believes that the administration is actually doubling down on its anti-crypto policies.
Operation Choke Point 2.0 Is Alive and Well
Winklevoss says that the government’s “Operation Choke Point 2.0” is still in effect, which aims to make it difficult for crypto companies to access banking services. He points to a recent action by the Federal Reserve against Customers Bank, a crypto-friendly bank, as evidence.
The Fed Is Pulling the Strings
The Fed has mandated that Customers Bank must get approval from the Fed before working with any digital asset company. Winklevoss argues that this is a form of “Choke Point” because it centralizes the decision-making power, taking it away from individual banks.
Harris’ Victory Means War on Crypto
Winklevoss warns that if Harris wins the election, the Fed will go full force with Operation Choke Point 2.0, making it much harder for the crypto industry to operate.
Cardano CEO Agrees
Charles Hoskinson, CEO of Cardano, agrees with Winklevoss, saying that voting for Harris is a vote against crypto. He believes that the administration is not changing its anti-crypto stance.
A Tense Relationship
These accusations come after a recent meeting between White House officials and crypto leaders, including Mark Cuban and Brad Garlinghouse, aimed at easing tensions and finding common ground. However, Winklevoss and Hoskinson believe that the government is still actively working against the crypto industry.
