Tyler and Cameron Winklevoss, co-founders of the renowned cryptocurrency exchange Gemini, have made a groundbreaking donation of 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump's campaign. This significant contribution highlights their dissatisfaction with the Biden Administration's cryptocurrency policies.
Winklevoss Twins' Bold Move to Support Trump
Cameron and Tyler Winklevoss announced on their social media accounts that they each donated 15.47 BTC ($1 million) to support Donald Trump. Cameron Winklevoss stated, "We aim to put an end to the Biden Administration's war on crypto." The twins believe Trump's pro-Bitcoin and pro-business stance is crucial for the future of the cryptocurrency industry in the United States.
Criticism of Biden Administration's Crypto Policies
Tyler Winklevoss criticized the Biden Administration for its hostile approach towards the cryptocurrency industry. He accused the government of weaponizing federal agencies to stifle innovation and target crypto companies. "The Biden Administration has consistently attacked American businesses and villainized its greatest heroes," Tyler stated. He referred to "Operation Choke Point 2.0," where federal agencies allegedly pressured banks to avoid crypto businesses, as a prime example of this hostility.
SEC's Approach Hinders Crypto Growth
Tyler also lambasted the Securities and Exchange Commission (SEC) for not establishing clear regulations for cryptocurrencies. He argued that the SEC's outdated laws hamper the utility and growth of digital assets. "The SEC’s approach is detrimental to the American economy and innovation," he added.
Pro-Bitcoin, Pro-Crypto, Pro-Business
Cameron Winklevoss emphasized Trump's supportive stance towards cryptocurrencies. "I donated $1 million in Bitcoin to Donald Trump and will be voting for him in November. President Trump is Pro-Bitcoin, Pro-Crypto, and Pro-Business," Cameron stated.
Call for Political Shift
The Winklevoss twins believe that a political shift is necessary to prevent further harm to the crypto industry and to restore an environment conducive to innovation and economic growth. "President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice. It’s time to take our country back. It’s time for the crypto army to send a message to Washington," Tyler concluded.
By supporting Trump, the Winklevoss twins hope to secure a brighter future for the cryptocurrency industry and protect it from what they see as detrimental policies of the current administration.
