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

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Bitcoinist 2w ago

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

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.