- Winklevoss twins donated $1M in Bitcoin (BTC) to John Deaton, criticizing Elizabeth Warren’s stance on crypto.
- Polymarket’s data showed that Trump led with 64%, while Biden fell to fourth place with 5%.
In a recent turn of events, Gemini founders Cameron Winklevoss and Tyler Winklevoss, aka the Winklevoss twins, have each donated $500,000 in Bitcoin [BTC] to John Deaton’s campaign, totaling 16 BTC or $1 million.
Winklevoss Twins Move Against Warren
This substantial contribution aimed to support Deaton’s political campaign and challenge against US Senator Elizabeth Warren.
Citing the reasons for the same, Tyler Winklevoss took to X (formerly Twitter) and noted,
“Elizabeth Warren is one of the single greatest threats to American prosperity. When it comes to crypto, she is public enemy number one.”
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
Criticizing Biden’s approach towards crypto, Winklevoss added,
“She’s [Elizabeth Warren] the chief architect and driver of the Biden Administration’s war on crypto.”
Second Donation To Support Crypto Candidates
This recent donation follows the Winklevoss twins’ earlier contribution of $2 million worth of BTC to former President Donald Trump’s campaign.
Thereby, their ongoing financial support underscores their dedication to endorsing candidates who champion a more crypto-friendly regulatory landscape.
Further in his tweet, the Gemini founder argued that Warren’s influence reaches far beyond mere policymaking, extending deeply into the operational decisions of regulatory bodies that impact the cryptocurrency sector.
Why Deaton And Not Warren?
He further accused Warren of leveraging government agencies to obstruct the crypto industry, employing tactics such as.
“Debanking, bad faith enforcement actions, and other abuses of power.”
Drawing a comparison between the two, Winkelvoss noted,
He put it best when he said,
“John Deaton is an American hero; Elizabeth Warren is not. John Deaton is a pro-Bitcoin, pro-crypto, and pro-business candidate; Elizabeth Warren is not.”
Echoing similar sentiments, crypto influencer, Wendy O said,
Role Of Crypto In The Upcoming Elections
This underscored the important role of cryptocurrency in the upcoming U.S. presidential election, and revealed that Biden’s position on crypto is not a top priority for many crypto voters.
This was further confirmed by Bitcoinworld’s analysis of Polymarket prediction data, wherein Trump led with 64% of the vote, followed by Kamala Harris at 22%.
While on the other hand, Biden had dropped to fourth place with just 5% of the total votes.
