By Key Points
- Winklevoss twins donate $1M in BTC to support John Deaton
- Tyler and Cameron criticize Warren’s anti-crypto stance
- Deaton’s pro-crypto, pro-business credentials highlighted
- Campaign aims to shift Senate’s stance on crypto regulation
The Winklevoss twins, Tyler and Cameron, renowned for their Gemini crypto exchange, have made headlines with a significant financial move. On July 18, Tyler Winklevoss announced a $500,000 Bitcoin donation to John Deaton’s senatorial campaign.
Cameron followed suit, doubling the contribution to a total of $1 million in Bitcoin. This support aims to help Deaton unseat Senator Elizabeth Warren, a vocal critic of the crypto industry.
Why The Winklevoss Twins Support Deaton
Tyler Winklevoss took to X (formerly Twitter) to explain the rationale behind their decision. He labeled Senator Warren as “public enemy number one” for the crypto community, criticizing her for spearheading aggressive regulatory measures against the industry.
Tyler traced Warren’s anti-crypto stance back to the 2020 presidential campaign when President Biden sought her endorsement, resulting in what he termed a “Faustian bargain.”
According to Tyler, Warren gained significant influence over regulatory agencies, allowing her to direct a campaign against crypto through figures like Gary Gensler, chairman of the SEC, and Martin Gruenberg, chairman of the FDIC. Tyler accused these officials of acting as Warren’s “lap dogs and attack dogs,” enforcing her stringent regulatory policies.
Pro-XRP Lawyer Gets $1 Million From Winklevoss Twins To Fight Warren https://t.co/E9gcmGTsaE
— 🇳🇱 MackAttackXRP® 🇳🇱 67K-XRP-Followers (@MackAttackXRP) July 19, 2024
Deaton’s Pro-Crypto Stance and Credentials
Contrasting Warren’s approach, Tyler highlighted John Deaton’s pro-crypto and pro-business positions. Deaton, known for his advocacy in the XRP community, has been a staunch defender of the crypto industry, particularly in legal battles.
His military service and legal expertise further bolster his image as a candidate who supports innovation and economic growth in the United States.
Cameron Winklevoss echoed his brother’s sentiments, emphasizing the need for change in the Senate to better align with the crypto community’s interests. His succinct endorsement of X underscored Deaton’s qualifications and urgency in addressing Warren’s “war on crypto.”
