Gemini crypto exchange co-founders Tyler and Cameron Winklevoss are continuing their donation spree to Republican candidates.
In a new thread on the social media platform X, both Winklevoss twins say they are donating $500,000 worth of Bitcoin (BTC) each to John Deaton, an attorney and pro-crypto Senate candidate looking to unseat Elizabeth Warren of Massachusetts.
According to Tyler, Senator Warren is the single greatest threat to the digital assets industry as she has weaponized the government against crypto.
“At her direction, the U.S. Securities and Exchange Commission (SEC) has conducted non-stop investigations and brought a multitude of bad faith enforcement actions against good actors in the crypto industry.
In parallel, the Federal Deposit Insurance Corporation initiated Operation Choke Point 2.0 – an ongoing coordinated effort to pressure banks not to bank legal crypto companies. Elizabeth Warren is the mastermind of these illegitimate initiatives and these are her lieutenants and foot soldiers that carry out her orders.”
Tyler goes on to accuse Warren of being power hungry rather than passing thoughtful regulations that would protect consumers and foster innovation.
“Regulation that fosters both consumer protection and innovation leads to the healthiest and most vibrant markets. That is why I, along with many others, have been proponents of thoughtful regulation for the crypto industry for more than a decade.
But this is 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 worth of Bitcoin donations to Donald Trump, the Republican candidate for the 2024 presidential election.
At the time, they said they were donating to Trump due to his pro-crypto stances and because they believed the Biden Administration was attempting to undermine digital assets.
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