Gemini's Taylor Winklevos responded briefly to Gary Gensler: "It's total shame..."

Gemini co-founder Tyler Winklevoss criticized SEC Chairman Gary Gensler for being "completely embarrassing" after Gary Gensler spoke to CNBC to defend his cryptocurrency regulatory stance. Gensler said he was proud of his tenure at the SEC, saying cryptocurrency trading is speculative and driven by hype rather than fundamentals, while stressing the importance of investor protection. Winklevoss has donated $23 million to a crypto-backed initiative, which he opposed Gensler's tough enforcement approach, a practice that critics say kills innovation and forces businesses to go overseas.