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- The Winklevoss twins contributed $1 million in Bitcoin (BTC) to John Deaton, voicing their disapproval of Elizabeth Warren’s position on cryptocurrency.
- Data from Polymarket indicated that Trump was in the lead with 64%, while Biden had slipped to fourth with 5%.
In a recent development, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss, known as the Winklevoss twins, each contributed $500,000 in Bitcoin [BTC] to John Deaton’s campaign, totaling 16 BTC or $1 million.
Winklevoss Twins Challenge Warren
This significant donation was intended to bolster Deaton’s political campaign and contest against U.S. Senator Elizabeth Warren.
Explaining their motivation, Tyler Winklevoss posted on X (formerly Twitter),
“Elizabeth Warren represents one of the greatest threats to American prosperity. Regarding cryptocurrency, she is public enemy number one.”
I just donated $500k in bitcoin (8 BTC) to @DeatonforSenate to assist him in unseating @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
Critiquing Biden’s stance on cryptocurrency, Winklevoss added,
“She’s [Elizabeth Warren] the principal architect and driver of the Biden Administration’s campaign against crypto.”
Another Donation to Back Crypto Advocates
This latest contribution follows the Winklevoss twins’ previous donation of $2 million in BTC to former President Donald Trump’s campaign.
Consequently, their ongoing financial backing highlights their commitment to supporting candidates who advocate for a more crypto-friendly regulatory environment.
In his tweet, the Gemini founder contended that Warren’s influence extends well beyond simple policymaking, deeply affecting the operational choices of regulatory agencies that influence the cryptocurrency industry.
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Why Deaton Over Warren?
He further accused Warren of using government entities to hinder the crypto sector, employing strategies such as.
“Debanking, bad faith enforcement actions, and various abuses of power.”
In comparing the two, Winklevoss observed,
He succinctly stated,
“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.”
Resonating similar thoughts, crypto influencer Wendy O remarked,
The Significance of Crypto in the Upcoming Elections
This highlighted the crucial role of cryptocurrency in the approaching U.S. presidential election, revealing that Biden’s position on crypto does not rank as a priority for many crypto voters.
This was further supported by Bitcoinworld’s examination of Polymarket prediction data, which showed Trump leading with 64% of the vote, followed by Kamala Harris at 22%.
Polymarket Prediction
In contrast, Biden had fallen to fourth place with only 5% of the overall votes.
