Bitcoin
Winklevoss Twins Continue Crypto Giving Spree With Another $1,000,000 in Bitcoin (BTC)
Gemini cryptocurrency exchange co-founders Tyler and Cameron Winklevoss are continuing their donation spree to Republican candidates.
In a new thread on social media platform X, the Winklevoss twins to say they are giving away $500,000 in Bitcoin (BTC) each for John Deaton, a lawyer and pro-cryptocurrency Senate candidate seeking to unseat Elizabeth Warren of Massachusetts.
According to Tyler, Senator Warren is the biggest threat to the digital asset industry as she has armed the government against cryptocurrencies.
“Under his guidance, the U.S. Securities and Exchange Commission (SEC) has conducted non-stop investigations and brought a series of bad faith enforcement actions against good actors in the cryptocurrency industry.
In parallel, the Federal Deposit Insurance Corporation has initiated Operation Choke Point 2.0 – an ongoing coordinated effort to pressure banks into not banking legitimate cryptocurrency companies. Elizabeth Warren is the mastermind behind these illegitimate initiatives, and these are her lieutenants and foot soldiers who carry out her orders.”
Tyler goes on to accuse Warren of being power-hungry rather than passing thoughtful regulations that protect consumers and promote innovation.
“Regulation that fosters both consumer protection and innovation leads to the healthiest, most vibrant markets. That’s why I, along with many others, have been proponents of thoughtful regulation for the crypto industry for over a decade.”
But that’s not what we’re talking about here. Elizabeth Warren doesn’t believe in thoughtful regulation. She believes in power and control.”
In June, the billionaire twins sent $1 million in Bitcoin donations to Donald Trump, the Republican candidate for the 2024 presidential election.
At the time, they said they were donating to Trump because of his pro-crypto stances and because they believed the Biden administration was trying to undermine digital assets.
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