For many people, it’s been a long time since we’ve seen the Winklevoss twins. Of course, Tyler and Cameron Winklevoss are best known for their lawsuit against Facebook founder Mark Zuckerberg. These days, though, they’ve been generating a lot of buzz in the world of crypto—and a lot of it is not good. Of course, much has happened since the twins originally made headlines. After receiving a hefty sum from Facebook, Cameron and Tyler decided to invest their energy into the crypto space. They founded Gemini, a digital asset exchange located in the Big Apple. And recently, the brothers Winklevoss have been been running ad campaigns to support their cause; it is these ads that have been drumming up so much controversy of late. With slogans indicating that crypto needs more rules, the twins have defied and annoyed the cryptocurrency community at large.
After all, what many crypto enthusiasts like about crypto is the fact that it’s fairly untraceable and unregulated. People in crypto have always enthused about the possibilities of living outside of the financial system. With geopolitical instability cropping up all over the planet, as well as issues with government currencies, there is a real drive for major adoption of digital currency. For instance, the Bank of England has been holding onto a billion dollars of Venezuela’s wealth. When the South American country requested its funds this week, it was denied. Those in crypto believe that widespread usage of cryptocurrency would prevent this.
So while the Winklevoss twins are pushing for more regulation, big influencers in crypto have expressed their opinions on the matter, reports Forbes.com. Erik Voorhees, a prominent crypto activist, chastised the twins on Twitter, claiming that crypto is already steeped in rules—the type of rules that define an immutable public ledger. Other crypto enthusiasts went as far as to close their Gemini accounts over the controversial ads; among them was Dan McArdle. In a snide reply to Voorhees’ concerns, the twins stated that anyone with a Gemini account can feel free to take possession of their assets. They compared those who want to control their own assets to people who keep cash in mattresses. Then they said that regulation would have prevented the Mt. Gox disaster from happening. Any way you look at it, it seems as though the Winklevoss twins are destined to have an interesting relationship with the community from here on out.
