Cameron and Tyler Winklevoss, founders of the Gemini crypto exchange, have each donated $500,000 in Bitcoin to support John Deaton’s political campaign against Senator Elizabeth Warren in the Massachusetts Senate race.
Deaton, a lawyer and crypto advocate, has recently gained support from key figures in the crypto world. He is known for opposing what he sees as unfair actions by Senator Warren and her supporters.
The Winklevoss twins have been openly critical of Senator Warren, stating that her views on cryptocurrencies are harmful to the U.S. economy.
Tyler Winklevoss said, “John Deaton is an American hero; Elizabeth Warren is not. John Deaton supports Bitcoin, crypto, and business; Elizabeth Warren does not.” The twins claim Warren is using government power to unfairly target the crypto industry through various means, including making it hard for crypto companies to use banks.
The Winklevoss brothers believe Warren has too much control over agencies like the SEC and FDIC. They say these agencies, led by Gary Gensler and Martin Gruenberg respectively, have been investigating and taking legal action against crypto companies more often because of her influence.
This big donation comes after Ripple Labs also gave $1 million to a group called the Commonwealth Unity Fund on July 15, which supports Deaton’s campaign. This fund was created by James Murphy, also known as MetaLawMan, who says this election is crucial for the crypto industry’s future.
Additionally, the twins recently made headlines for donating $1 million in Bitcoin to former president Donald Trump’s campaign. However, it was returned due to donation limits.
