Vote Trump, Save Crypto? Harris Victory Could Lead To ‘Billions’ In Losses, Says Winklevoss

Quick Summary:

In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results.

Vaughan pointed out that many companies have left the United States or abandoned product developments due to fears of regulatory repercussions, reflecting a growing frustration within the crypto community regarding the perceived hostility of US regulatory bodies.

This figure reflects the ongoing scrutiny from the US Securities and Exchange Commission (SEC), which has pursued lawsuits and issued Wells Notices to several major players in the industry, including Binance, Ripple, and Coinbase.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: Crypto regulation Crypto News US crypto US crypto crackdown US crypto market US crypto adoption Cryptocurrencies DeFi Digital currency Winklevoss Cameron and tyler winklevoss Crypto news Cameron Winklevoss Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 05:30:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23442414

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