Tyler Winklevoss urges crypto rules written under Atkins and Selig, not a ‘new Gensler’

Tyler Winklevoss has a simple ask for Washington: write the crypto rulebook now, while the people holding the pen are actually willing to use it. The Gemini co-founder put it directly, arguing that crypto regulations should be established under SEC Chairman Paul Atkins and CFTC Chairman Brian Selig rather than left to whoever might follow them. His concern is that a future administration could install someone with a worldview closer to former SEC Chair Gary Gensler, whose tenure became synonymous with enforcement actions over regulatory guidance. Why the Gensler comparison still stings Gensler’s four-year run at the SEC was defined by what critics called regulation by litigation. Instead of issuing clear rules about which digital assets qualify as securities, the agency sued first and explained later. The strategy left exchanges, token issuers, and institutional desks operating in a fog, never quite sure whether their next product would trigger a federal complaint. For Winklevoss personally, it was not abstract: Gemini spent years in direct conflict with the SEC over its yield-bearing Earn product. Selig’s path to the CFTC chair is equally relevant here. He previously served as chi...