Gemini crypto exchange co-founders Tyler and Cameron Winklevoss are once again making waves with their political donations, focusing on Republican candidates who support cryptocurrency. In a recent announcement on the social media platform X, the Winklevoss twins revealed their plans to donate $500,000 each in Bitcoin to John Deaton. Deaton is a pro-crypto attorney aiming to challenge Elizabeth Warren for her Senate seat in Massachusetts.
JUST IN: Winklevoss twins donate 16 #Bitcoin worth $1,000,000, to pro-Bitcoin candidate @DeatonforSenate aiming to unseat Elizabeth Warren as a U.S. Senator 🇺🇸 pic.twitter.com/BBE69vKYLb
— Simply Bitcoin (@SimplyBitcoinTV) July 18, 2024
Tyler Winklevoss did not hold back in his criticism of Senator Warren. He described her as the biggest threat to the digital assets industry, accusing her of using the government as a weapon against crypto. According to Tyler, under Warren’s influence, the U.S. Securities and Exchange Commission (SEC) has been conducting continuous investigations and taking enforcement actions against legitimate players in the crypto sector.
Tyler explained, “At her command, the SEC has engaged in relentless scrutiny and launched numerous bad faith actions against reputable crypto industry actors. Meanwhile, the Federal Deposit Insurance Corporation has initiated Operation Choke Point 2.0, a coordinated effort to pressure banks into avoiding legal crypto businesses. Elizabeth Warren is the architect behind these illegitimate efforts, with her subordinates carrying out her directives.”
JUST IN: Winklevoss Twins donate $1,000,000 worth of #Bitcoin to a John Deaton, who is competing with Elizabeth Warren pic.twitter.com/h3jAbpdA6D
— BlockNews.com (@blocknewsdotcom) July 18, 2024
He further accused Warren of being more interested in consolidating power than in enacting thoughtful regulations that would protect consumers and promote innovation. “Regulation that balances consumer protection with innovation results in the healthiest and most dynamic markets. This is the kind of regulation I have supported for over a decade. But Warren? She doesn’t believe in thoughtful regulation. She believes in power and control.”
This move follows the twins’ significant donation in June, where they contributed $1 million in Bitcoin to Donald Trump’s 2024 presidential campaign. They cited Trump’s favorable stance on cryptocurrencies and their concern that the Biden Administration was trying to undermine digital assets as reasons for their support.
Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC) https://t.co/sGGd3fnB1H pic.twitter.com/bsEPaHNDgc
— Los Hermanos Kruptos (@LosKruptos) July 19, 2024
The Winklevoss twins’ donations reflect their ongoing commitment to supporting pro-crypto candidates and opposing what they view as harmful regulatory practices driven by figures like Elizabeth Warren. Their financial contributions to campaigns like those of Deaton and Trump highlight their strategic efforts to influence the political landscape in favor of the cryptocurrency industry.
Major Points:
- Tyler and Cameron Winklevoss, co-founders of Gemini crypto exchange, are donating $500,000 each in Bitcoin to John Deaton, a pro-crypto attorney and Senate candidate in Massachusetts.
- Tyler Winklevoss criticized Senator Elizabeth Warren as a major threat to the digital assets industry, accusing her of weaponizing the government against crypto through the SEC.
- He claimed that Warren orchestrated Operation Choke Point 2.0, pressuring banks to avoid dealing with legal crypto companies.
- Tyler argued that Warren prioritizes power and control over thoughtful regulations that balance consumer protection and innovation.
- Previously, the Winklevoss twins donated $1 million in Bitcoin to Donald Trump’s 2024 presidential campaign, supporting his pro-crypto stance and opposing the Biden Administration’s approach to digital assets.
Charles William III – Reprinted with permission of Whatfinger News
