- Tyler Winklevoss calls SEC Chairman Gary Gensler “evil,” accusing him of damaging the crypto industry with political motives.
- The Winklevoss twins win legal battle against Treats! magazine founder, securing $1.4M in legal fees and damages.
- Delaware Court judge compares the Winklevoss legal victory to “shooting a hockey puck into an open net,” citing a clear case.
SEC chief Gary Gensler was called “evil” by Tyler Winklevoss who claimed that he was intentionally harming the cryptocurrency sector. Tyler thinks Gensler lost jobs, caused financial losses, and harmed cryptocurrency because of his activities, which were driven by his personal political objectives.
Tyler insists that Gensler’s behavior was calculated and deliberate, with a long-term agenda that hurt thousands. He further argues that any company or organization continuing to work with Gensler after his SEC tenure should face boycotts. Tyler’s comments reflect deep frustration with the ongoing misuse of government power.
Winklevoss Brothers Claim Victory in Legal Dispute
In another important update, Tyler and Cameron Winklevoss won a legal battle involving Treats magazine’s founder, Stephen Shaw. The brothers had invested $1.3 million in Shaw’s magazine in 2012, but disagreements quickly surfaced about the magazine’s brand and direction. After failed negotiations, Shaw threatened to sue the brothers.
In 2018, they responded by bringing a preemptive action in Delaware Chancery Court. Despite Shaw initially participating in the litigation, he ran out of funds to continue his defense. As a result, the court awarded the Winklevoss twins nearly $1.4 million in legal fees and damages, including post-judgment interest.
Judge’s Remark on Legal Victory
Vice Chancellor Nathan Cook of the Delaware Court made a noteworthy comment about the case. He likened the process of proving damages to “shooting a hockey puck into an open net,” suggesting an easy victory for the Winklevoss brothers.
Cook’s opinion highlighted the straightforward nature of the legal claims and the default judgment. However, the brothers did not receive compensation for all their claims. The court ruled they were entitled only to legal fees and damages related to the misappropriated funds and breach of contract.
In the aftermath of the legal victory, questions arose regarding the Winklevoss twins’ legal representation. The brothers’ counsel, Harder Stonerock and Morris James, did not respond to media inquiries. Notably, Charles Harder, a well-known attorney in defamation cases, played a role in the Winklevosses’ case.
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