Major Bitcoin Donation Announced
In a bold move, Tyler and Cameron Winklevoss, founders of the Gemini cryptocurrency exchange, have donated $1 million in Bitcoin to John Deaton, a prominent attorney within the Ripple community, to fight Senator Elizabeth Warren’s anti-crypto campaign. On July 18, Tyler Winklevoss revealed via X that he had contributed $500,000 in Bitcoin (8 BTC) to support Deaton’s senatorial campaign aimed at unseating Senator Elizabeth Warren. Cameron Winklevoss matched this contribution, raising the total support to $1 million (16 BTC).
Criticism of Senator Elizabeth Warren
Tyler Winklevoss took to social media to explain their decision, branding Senator Elizabeth Warren as “public enemy number one” for the crypto industry and criticizing her aggressive regulatory measures. He accused Warren of spearheading a “war on crypto” through stringent regulatory actions and enforcement.
JUST IN: Winklevoss twins donate $1 Million to pro #Bitcoin candidate challenging Elizabeth Warren for senate. pic.twitter.com/6ammBeZdSi
— Bitcoin Archive (@BTC_Archive) July 18, 2024
Origins of Warren’s Anti-Crypto Stance
According to Tyler, Warren’s anti-crypto stance originated during the 2020 presidential campaign when President Biden secured her endorsement in exchange for granting her significant influence over regulatory appointments. Tyler elaborated on the alleged “Faustian bargain,” claiming it led to Warren gaining control over American economic policy. He argued that Warren has used this power to target the crypto industry, with key regulators such as SEC Chairman Gary Gensler and FDIC Chairman Martin Gruenberg acting as her enforcers. Tyler described these officials as “corrupt, immoral, and odious,” suggesting they operate as Warren’s “attack dogs” against the crypto sector.
I just donated $500k in bitcoin (8 BTC) to @DeatonforSenate to help him unseat @SenWarren as a U.S. Senator. Here’s why:
Elizabeth Warren is one of the single greatest threats to American prosperity. When it comes to crypto, she is public enemy number one. She’s the chief… pic.twitter.com/FK2a1JenlF
— Tyler Winklevoss (@tyler) July 18, 2024
Support for Pro-Crypto Advocate John Deaton
In stark contrast, Tyler praised John Deaton for his pro-crypto and pro-business stance. Deaton, known for his vocal support of the crypto industry and legal advocacy for Ripple, is presented as a candidate who embodies innovation and economic growth. Highlighting Deaton’s military service and commitment to defending the crypto industry, Tyler positioned him as a defender of American economic values, countering Warren’s regulatory approach.
Commitment to Combatting Crypto Crackdown
This significant Bitcoin donation by the Winklevoss twins underscores their commitment to combating what they perceive as Senator Warren’s detrimental crypto crackdown and supporting pro-crypto candidates like John Deaton who champion the growth and development of the cryptocurrency sector.
