Gemini crypto exchange co-founders Tyler and Cameron Winklevoss have recently announced that they are each donating $1 million worth of Bitcoin to Republican Presidential candidate Donald Trump. In addition to their donations, they have also expressed their support for Trump and his pro-crypto stances. Cameron Winklevoss stated on social media platform X that he has donated $1 million in BTC to Trump and will be voting for him in November. He believes that Trump is pro-Bitcoin, pro-crypto, and pro-business, and will put an end to what they see as the Biden Administration’s war on crypto.
Tyler Winklevoss further elaborates on their criticisms of the Biden Administration’s approach to crypto. He accuses the administration of openly declaring war against crypto and using government agencies such as the SEC and FDIC to harass and sue participants in the industry. Tyler believes that the SEC has not written any new rules for the crypto industry, which has created uncertainty and hindered innovation. He argues that the Biden Administration’s actions have been an abuse of power for political gain, at the expense of the American taxpayer and economy. The Winklevoss twins are urging the crypto community to support Trump in the upcoming election as they believe he is more favorable towards the industry.
Last year, the Winklevoss twins had warned that Democrats might face backlash from voters for their aggressive anti-crypto agenda. They believe that attacking the crypto industry is political suicide and are encouraging others in the crypto army to convey this message to Washington by supporting Trump. The Gemini co-founders have been vocal about their support for Trump due to his pro-crypto and pro-business stance and their belief that he will be more supportive of the industry than the Biden Administration. They feel that Trump’s policies will help promote innovation and growth within the crypto sector.
In conclusion, the Winklevoss twins’ decision to donate $1 million each to Trump’s campaign and their vocal support for him highlights their concerns about the Biden Administration’s actions towards the crypto industry. They believe that the Biden Administration has hindered the growth of the industry through harassment and lack of regulation, and that Trump will be a better advocate for crypto. The twins are calling on the crypto community to support Trump in the upcoming election to send a message to Washington about the importance of the industry. Their actions reflect their commitment to promoting a pro-crypto and pro-business agenda in the political sphere.
